Current:Home > MyToyota to invest $922 million to build a new paint facility at its Kentucky complex -Wealth Evolution Experts
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-19 05:06:55
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! (35)
Related
- Police remove gator from pool in North Carolina town: Watch video of 'arrest'
- Memo to the Supreme Court: Clean Air Act Targeted CO2 as Climate Pollutant, Study Says
- Surviving the inferno: How the Maui fire reshaped one family's story
- Everything You Need to Get Through the August 2024 Mercury Retrograde
- Carolinas bracing for second landfall from Tropical Storm Debby: Live updates
- Meet the painter with the best seat at one of Paris Olympics most iconic venues
- Maren Morris says 'nothing really scares me anymore' after public feuds, divorce
- Nebraska, Ohio State, Alabama raise NIL funds at football practice through fan admission, autographs
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Books similar to 'Verity' by Colleen Hoover: Read these twisty romantic thrillers next
Ranking
- The GOP and Kansas’ Democratic governor ousted targeted lawmakers in the state’s primary
- Doomed: Is Robert Downey Jr.'s return really the best thing for the MCU?
- When does Katie Ledecky swim today? Paris Olympics swimming schedule for 800 freestyle
- Simone Biles and Suni Lee aren't just great Olympians. They are the future.
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Harris has secured enough Democratic delegate votes to be the party’s nominee, committee chair says
- Mariah Carey’s Rare Update on Her Twins Monroe and Moroccan Is Sweet Like Honey
- 2024 Olympics: Sha'Carri Richardson Makes Epic Comeback 3 Years After Suspension
Recommendation
Most popular books of the week: See what topped USA TODAY's bestselling books list
Horoscopes Today, August 2, 2024
Election 2024 Latest: Harris raised $310M in July, new poll finds few Americans trust Secret Service
BMX racer Kye White leaves on stretcher after Olympic crash
FBI: California woman brought sword, whip and other weapons into Capitol during Jan. 6 riot
Every M. Night Shyamalan movie (including 'Trap'), ranked from worst to best
Imane Khelif, ensnared in Olympic boxing controversy, had to hide soccer training
Justice Department sues TikTok, accusing the company of illegally collecting children’s data