Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -PrimeWealth Guides
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Oliver James Montgomery View
Date:2025-04-11 11:20:06
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! (637)
Related
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- As Deaths Surge, Scientists Study the Link Between Climate Change and Avalanches
- Nordstrom Rack 62% Off Handbag Deals: Kate Spade, Béis, Marc Jacobs, Longchamp, and More
- Covid-19 and Climate Change Threats Compound in Minority Communities
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Real estate, real wages, real supply chain madness
- Passenger says he made bomb threat on flight to escape cartel members waiting to torture and kill him in Seattle, documents say
- How inflation expectations affect the economy
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- In Louisiana, Stepping onto Oil and Gas Industry Land May Soon Get You 3 Years or More in Prison
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- No New Natural Gas: Michigan Utility Charts a Course Free of Fossil Fuels
- Kristin Davis Shares Where She Stands on Kim Cattrall Drama Amid Her And Just Like That Return
- Many Nations Receive Failing Scores on Climate Change and Health
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- New HIV case linked to vampire facials at New Mexico spa
- Jurassic Park Actress Ariana Richards Recreates Iconic Green Jello Scene 30 Years Later
- Real estate, real wages, real supply chain madness
Recommendation
Grammy nominee Teddy Swims on love, growth and embracing change
Rachel Bilson’s Vibrator Confession Will Have You Buzzing
A Key Climate Justice Question at COP25: What Role Should Carbon Markets Play in Meeting Paris Goals?
Amazon launched a driver tipping promotion on the same day it got sued over tip fraud
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
How Johnny Depp Is Dividing Up His $1 Million Settlement From Amber Heard
These could be some of the reasons DeSantis hasn't announced a presidential run (yet)
Binance was once FTX's rival and possible savior. Now it's trying not to be its sequel