Current:Home > FinanceToyota to invest $922 million to build a new paint facility at its Kentucky complex -VisionFunds
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-11 19:12:49
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! (667)
Related
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Family caregivers of people with long COVID bear an extra burden
- Trisha Yearwood Shares How Husband Garth Brooks Flirts With Her Over Text
- How do pandemics begin? There's a new theory — and a new strategy to thwart them
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Rob Kardashian Makes Rare Comment About Daughter Dream Kardashian
- Benzene Emissions on the Perimeters of Ten Refineries Exceed EPA Limits
- Rain Is Triggering More Melting on the Greenland Ice Sheet — in Winter, Too
- Stamford Road collision sends motorcyclist flying; driver arrested
- Hilary Duff Reveals She Follows This Gwyneth Paltrow Eating Habit—But Here's What a Health Expert Says
Ranking
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Why The Challenge: World Championship Winner Is Taking a Break From the Game
- Fossil Fuels (Not Wildfires) Biggest Source of a Key Arctic Climate Pollutant, Study Finds
- Are there places you should still mask in, forever? Three experts weigh in
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Lasers, robots, and tiny electrodes are transforming treatment of severe epilepsy
- And Just Like That... Season 2 Has a Premiere Date
- Parents raise concerns as Florida bans gender-affirming care for trans kids
Recommendation
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Beyond Drought: 7 States Rebalance Their Colorado River Use as Global Warming Dries the Region
Risks for chemical spills are high, but here's how to protect yourself
The Democrats Miss Another Chance to Actually Debate Their Positions on Climate Change
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
For these virus-hunting scientists, the 'real gold' is what's in a mosquito's abdomen
10 things to know about how social media affects teens' brains
Selling Sunset Cast Reacts to Chrishell Stause and G Flip's Marriage