Current:Home > FinanceToyota to invest $922 million to build a new paint facility at its Kentucky complex -ValueMetric
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-19 08:14:47
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! (891)
Related
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Is Kamala Harris going to be president? 'The Simpsons' writer reacts to viral 'prediction'
- 'Bachelorette' star's ex is telling all on TikTok: What happens when your ex is everywhere
- Cyber security startup Wiz reportedly rejects $23 billion acquisition proposal from Google
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Man is arrested in the weekend killing of a Detroit-area police officer
- The Bear Fans Spot Season 3 Editing Error About Richie's Marriage
- Conservatives use shooting at Trump rally to attack DEI efforts at Secret Service
- In ‘Nickel Boys,’ striving for a new way to see
- Plane crash kills two near EAA Airventure Oshkosh 2024 on first day
Ranking
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Lainey Wilson accidentally splits pants during tour
- Ryan Reynolds and Blake Lively Reveal Name of Baby No. 4
- Bryson DeChambeau to host Donald Trump on podcast, says it's 'about golf' and 'not politics'
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- The facts about Kamala Harris' role on immigration in the Biden administration
- Toronto Film Festival lineup includes movies from Angelina Jolie, Mike Leigh, more
- Taylor Swift could make it to quite a few Chiefs games this season. See the list
Recommendation
Jury finds man guilty of sending 17-year-old son to rob and kill rapper PnB Rock
Miss Kansas Alexis Smith Calls Out Her Alleged Abuser Onstage in Viral Video
Is Kamala Harris going to be president? 'The Simpsons' writer reacts to viral 'prediction'
Bridgerton Unveils Season 4’s Romantic Lead
The 'Rebel Ridge' trailer is here: Get an exclusive first look at Netflix movie
MLB trade deadline: Should these bubble teams buy or sell?
Search called off for small airplane that went missing in fog and rain over southeast Alaska
Safety regulators are investigating another low flight by a Southwest jet, this time in Florida