Current:Home > FinanceToyota to invest $922 million to build a new paint facility at its Kentucky complex -Secure Horizon Growth
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Charles H. Sloan View
Date:2025-04-05 22:39:37
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! (11)
Related
- Average rate on 30
- Adidas Apologizes for Bella Hadid Ad Campaign Referencing 1972 Munich Olympics
- 'Hello Kitty is not a cat': Fans in denial after creators reveal she's 'a little girl'
- Authorities recapture fugitive who used dead child's identity after escaping prison in 1994
- Senate begins final push to expand Social Security benefits for millions of people
- Sonya Massey called police for help. A responding deputy shot her in the face.
- 25 Things That Will Help Make Your Closet Look Like It Was Organized by a Professional
- Sundance Film Festival narrows down host cities — from Louisville to Santa Fe — for future years
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- The 31 Best Amazon Deals Right Now: $5 Beauty Products, 55% Off Dresses, 30% Off Laneige & More
Ranking
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Trump pays tribute to Pennsylvania firefighter killed in rally shooting
- Moon fests, moon movie and even a full moon mark 55th anniversary of Apollo 11 landing
- Moon fests, moon movie and even a full moon mark 55th anniversary of Apollo 11 landing
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Kim Kardashian, Jennifer Aniston are getting the 'salmon sperm facial.' What is going on?
- Highlights from the 2024 Republican National Convention
- Maryland announces civil lawsuit in case involving demands of sex for rent
Recommendation
The company planning a successor to Concorde makes its first supersonic test
Tennessee will remove HIV-positive people convicted of sex work from violent sex offender list
As the Rio Grande runs dry, South Texas cities look to alternatives for water
Mississippi’s new Episcopal bishop is first woman and first Black person in that role
A South Texas lawmaker’s 15
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Break a Dish
Snag SPANX’s Viral Leggings and More Cute Styles on Mega Discount at Nordstrom’s Anniversary Sale 2024
Get an Extra 70% Off J.Crew Sale Styles, an Extra 20% Off Pottery Barn Clearance & More Weekend Deals