Current:Home > StocksToyota to invest $922 million to build a new paint facility at its Kentucky complex -TradeCircle
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-27 23:06:39
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! (13444)
Related
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Asian American evangelicals’ theology is conservative. But that doesn’t mean they vote that way
- After Hurricane Helene, Therapists Dispense ‘Psychological First Aid’
- Canadian former Olympic snowboarder wanted in US drug trafficking case
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Florida digs out of mountains of sand swept in by back-to-back hurricanes
- U2's Sphere concert film is staggeringly lifelike. We talk to the Edge about its creation
- Derrick Dearman executed in Alabama for murder of girlfriend's 5 family members
- 'Most Whopper
- Arizona prosecutors drop charges against deaf Black man beaten by Phoenix police
Ranking
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Georgia measure would cap increases in homes’ taxable value to curb higher property taxes
- Clippers All-Star Kawhi Leonard out indefinitely with knee injury
- Former MTV VJ Ananda Lewis shares stage 4 breast cancer diagnosis
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Travis Barker's son Landon denies Diddy-themed birthday party: 'A bad situation'
- Former porn shop worker wants defamation lawsuit by North Carolina lieutenant governor dismissed
- Who Is Kate Cassidy? Everything to Know About Liam Payne's Girlfriend
Recommendation
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Jane Fonda 'deeply honored' to receive Life Achievement Award at 2025 SAG Awards
Lionel Messi looks ahead to Inter Miami title run, ponders World Cup future
Dodgers one win from World Series after another NLCS blowout vs. Mets: Highlights
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
Review of Maine police response to mass shooting yields more recommendations
A Data Center Fight Touches on a Big Question: Who Assumes the Financial Risk for the AI Boom?
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Double Negative