Current:Home > MyToyota to invest $922 million to build a new paint facility at its Kentucky complex -Excel Money Vision
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-12 12:07:24
GEORGETOWN, Ky. (AP) — Toyota said Thursday it will build a new paint facility as part of a $922 million investment at its factory complex in Georgetown, Kentucky, making it the second big addition announced this year at the automaker’s largest global manufacturing plant.
In February, the company said it would invest $1.3 billionat its Kentucky complex, in part so it can build an all-new three-row electric SUV to be sold in the U.S.
Neither project will add any new jobs at the facility, which now employs about 10,000 workers. However, the investments reinforce Toyota’s commitment to long-term job stability, the company said.
The new paint facility, scheduled to open in 2027, will add 1 million square feet of capacity while decreasing carbon emissions by 30% and water usage by 1.5 million gallons per year, Toyota said.
It will enable the company to offer more diverse color options for its vehicles, the company said.
“Toyota’s commitment to advanced paint technologies goes beyond aesthetics,” said Kerry Creech, president of Toyota Kentucky. “It encompasses efficiency, sustainability and quality, leading the industry in environmentally responsible manufacturing.”
The project also will increase flexibility for future vehicle production and advances Toyota’s goal to achieve zero carbon emissions by 2050, the automaker said.
Toyota’s investment in the Bluegrass State has surpassed $11 billion since breaking ground at the central Kentucky site in 1986. Georgetown is 16 miles (26 kilometers) north of Lexington, Kentucky.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
veryGood! (562)
Related
- A South Texas lawmaker’s 15
- US Rep. John Curtis is favored to win Mitt Romney’s open Senate seat in Utah
- A History of Presidential Pets Who Lived in the Lap of Luxury at the White House
- Banana Republic Outlet Quietly Dropped Early Black Friday Deals—Fur Coats, Sweaters & More for 70% Off
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Democrats in Ohio defending 3 key seats in fight for control of US House
- John Barrasso, Wyoming’s high-ranking Republican U.S. senator, seeks 3rd full term
- Investigation into Ford engine failures ends after more than 2 years; warranties extended
- Buckingham Palace staff under investigation for 'bar brawl'
- Are schools closed on Election Day? Here's what to know before polls open
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Utah Gov. Spencer Cox is expected to win reelection after his surprising endorsement of Trump
- America reaches Election Day and a stark choice between Trump and Harris
- Queen Camilla Withdraws From Public Engagements Due to Chest Infection
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- 10 teams to watch as MLB rumors swirl with GM meetings, free agency getting underway
- Lopsided fight to fill Feinstein’s Senate seat in liberal California favors Democrat Schiff
- TGI Fridays bankruptcy: Are more locations closing? Here’s what we know so far
Recommendation
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Fantasy football Week 10: Trade value chart and rest of season rankings
Heidi Klum poses with daughter, 20, and mom, 80, in new lingerie campaign
Brooklyn Peltz Beckham Details Double Dates With Selena Gomez and Benny Blanco
2025 'Doomsday Clock': This is how close we are to self
The GOP expects to keep Kansas’ open House seat. Democratic Rep. Davids looks tough to beat
James Van Der Beek, Jenna Fischer and the rise of young people getting cancer
A Quaker who helps migrants says US presidential election will make no difference at the border