Current:Home > MyToyota to invest $922 million to build a new paint facility at its Kentucky complex -GrowthInsight
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-13 15:15:14
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! (4443)
Related
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- 2024 MLB mock draft: Latest projections for every Round 1 pick
- Eddie Murphy and Paige Butcher are married after 5-year engagement: Reports
- Chicago removing homeless encampment ahead of Democratic National Convention
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Hungary's far right Prime Minister Viktor Orbán visits Trump in Mar-a-Lago after NATO summit
- Meet Kylie Cantrall, the teen TikTok star ruling Disney's 'Descendants'
- Madewell's Big End of Season Sale Is Here, Save up to 70% & Score Styles as Low as $11
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Young Voters Want To Make Themselves Heard In Hawaii — But They Don’t Always Know How
Ranking
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Inside the courtroom as case dismissed against Alec Baldwin in fatal shooting of cinematographer
- Baltimore Judge Tosses Climate Case, Hands Win to Big Oil
- Mental health clinics across the US are helping Latinos bridge language and access barriers
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Actor Matthew McConaughey tells governors he is still mulling future run for political office
- Civil rights groups call for DOJ probe on police response to campus protests
- 10 billion passwords have been leaked on a hacker site. Are you at risk?
Recommendation
Kentucky Gov. Andy Beshear ready to campaign for Harris-Walz after losing out for spot on the ticket
Pregnant Lea Michele Reunites With Scream Queens Costar Emma Roberts in Hamptons Pic
Inside Jennifer Garner’s Parenthood Journey, in Her Own Words
MOD Pizza has new owner after closing 44 restaurants amid bankruptcy rumors
Clay Aiken's son Parker, 15, makes his TV debut, looks like his father's twin
Following Cancer Alley Decision, States Pit Themselves Against Environmental Justice Efforts
US Transportation Department to invest nearly $400 million for new Interstate 55 bridge in Memphis
Map shows all the stores slated to be sold in Kroger-Albertsons merger