Current:Home > reviewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -DollarDynamic
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-24 22:32:09
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! (4)
Related
- 2 killed, 3 injured in shooting at makeshift club in Houston
- New York Yankees back in ALCS – and look like they're just getting started
- Why Kerry Washington Thinks Scandal Would Never Have Been Made Today
- Blake Lively and Ryan Reynolds donate $1 million to Hurricane Milton, Helene relief fund
- The Grammy nominee you need to hear: Esperanza Spalding
- A Year After Historic Civil Rights Settlement, Alabama Slowly Bringing Sanitation Equity to Rural Black Communities
- Audit of Arkansas governor’s security, travel records from State Police says no laws broken
- Appeals court overturns contempt finding, removes judge in Texas foster care lawsuit
- Average rate on 30
- Changing OpenAI’s nonprofit structure would raise questions about its future
Ranking
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Ex-US Army soldier asks for maximum 40 years in prison but gets a 14-year term for IS plot
- Wisconsin regulators file complaint against judge who left court to arrest a hospitalized defendant
- Gene Simmons Breaks Silence on Dancing With the Stars Controversial Comments
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Audit of Arkansas governor’s security, travel records from State Police says no laws broken
- Experts warn ‘crazy busy’ Atlantic hurricane season is far from over
- Millions still without power after Milton | The Excerpt
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Tennessee to launch $100M loan program to help with Hurricane Helene cleanup
Opinion: Hurricanes like Milton are more deadly for disabled people. Prioritize them.
11 Family Members Tragically Killed by Hurricane Helene in North Carolina
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Oregon’s most populous county adds gas utility to $51B climate suit against fossil fuel companies
Why 'Terrifier 3' star David Howard Thornton was 'born to play' iconic Art the Clown
Hurricane Milton leaves widespread destruction; rescue operations underway: Live updates