Current:Home > StocksToyota to invest $922 million to build a new paint facility at its Kentucky complex -Thrive Success Strategies
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-18 17:08:22
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! (81248)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Haylie Duff Shares Must-Haves She Can’t Live Without, Including an Essential With 76,400+ 5-Star Reviews
- 'The Covenant of Water' tells the story of three generations in South India
- 'House of Cotton' is a bizarre, uncomfortable read — in the best way possible
- Current, future North Carolina governor’s challenge of power
- Jillian Michaels Weighs In on Ozempic, Obesity & No Regrets
- How the Telugu immigrant community is instilling their culture in the next generation
- Meet the father-son journalists from Alabama who won a Pulitzer and changed laws
- Meet first time Grammy nominee Charley Crockett
- 'Beau Is Afraid' and living a nightmare
Ranking
- Global Warming Set the Stage for Los Angeles Fires
- Teen Mom's Maci Bookout Reunites With Ex Ryan Edwards for Emotional Sit Down About Son Bentley
- Fishermen find remains of missing father inside shark in Argentina
- All the Revelations Explored in Murdaugh Murders: A Southern Scandal
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- In 'Primo,' a kid comes of age with the help of his colorful uncles
- She wants fiction writers to step outside their experiences. Even if it's messy
- Amanda Seyfried Recalls How Blake Lively Almost Played Karen in Mean Girls
Recommendation
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
House select committee on China set to hold first high-profile hearing on Tuesday
'Warrior Girl Unearthed' revisits the 'Firekeeper's Daughter' cast of characters
'Mrs. Davis' is a big swing that connects
Most popular books of the week: See what topped USA TODAY's bestselling books list
Here are the winners of the 2023 Pulitzer Prizes
Harvey Weinstein Sentenced to 16 Years in Prison for Los Angeles Rape Case
The White Lotus Season 2 Nearly Starred Evan Peters as THIS Character