Current:Home > ContactToyota 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:2025-04-16 18:39:19
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! (3)
Related
- Trump wants to turn the clock on daylight saving time
- Denzel Washington Will Star in Black Panther 3 Before Retirement
- Caitlin Clark has one goal for her LPGA pro-am debut: Don't hit anyone with a golf ball
- Horoscopes Today, November 11, 2024
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- College Football Playoff snubs: Georgia among teams with beef after second rankings
- Lululemon, Disney partner for 34-piece collection and campaign: 'A dream collaboration'
- Denzel Washington teases retirement — and a role in 'Black Panther 3'
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- About Charles Hanover
Ranking
- Grammy nominee Teddy Swims on love, growth and embracing change
- Mississippi man charged with shooting 5 people after not being allowed into party
- Subway rider who helped restrain man in NYC chokehold death says he wanted ex-Marine to ‘let go’
- American Idol’s Triston Harper, 16, Expecting a Baby With Wife Paris Reed
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Isiah Pacheco injury updates: When will Chiefs RB return?
- Georgia public universities and colleges see enrollment rise by 6%
- Ariana Grande's Brunette Hair Transformation Is a Callback to Her Roots
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Over 1.4 million Honda, Acura vehicles subject of US probe over potential engine failure
Stock market today: Asian stocks dip as Wall Street momentum slows with cooling Trump trade
Kentucky gets early signature win at Champions Classic against Duke | Opinion
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
Britney Spears reunites with son Jayden, 18, after kids moved in with dad Kevin Federline
Man found dead in tanning bed at Indianapolis Planet Fitness; family wants stricter policies
Republican Gabe Evans ousts Democratic US Rep. Yadira Caraveo in Colorado