Current:Home > InvestToyota to invest $922 million to build a new paint facility at its Kentucky complex -Quantum Capital Pro
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 15:57:51
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! (523)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Missing Titanic Submersible: Former Passenger Details What Really Happens During Expedition
- Missed the northern lights last night? Here are pictures of the spectacular aurora borealis showings
- Soccer Star Neymar Pens Public Apology to Pregnant Girlfriend Bruna Biancardi for His “Mistakes
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Former NFL players are suing the league over denied disability benefits
- Trump skips Iowa evangelical group's Republican candidate event and feuds with GOP Iowa governor
- Dylan Lyons, a 24-year-old TV journalist, was killed while reporting on a shooting
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Kareem Abdul-Jabbar: There are times when you don't have any choice but to speak the truth
Ranking
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Kareem Abdul-Jabbar: There are times when you don't have any choice but to speak the truth
- 5 dead, baby and sister still missing after Pennsylvania flash flooding
- California woman released by captors nearly 8 months after being kidnapped in Mexico
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Looking to Reduce Emissions, Apparel Makers Turn to Their Factories in the Developing World
- House approves NDAA in near-party-line vote with Republican changes on social issues
- Inside Clean Energy: Net Zero by 2050 Has Quickly Become the New Normal for the Largest U.S. Utilities
Recommendation
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Inside Clean Energy: Illinois Faces (Another) Nuclear Power Standoff
How Biden's latest student loan forgiveness differs from debt relief blocked by Supreme Court
Fossil Fuel Companies Took Billions in U.S. Coronavirus Relief Funds but Still Cut Nearly 60,000 Jobs
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Chris Martin Serenading Dakota Johnson During His Coldplay Concert Will Change Your Universe
Avalanche of evidence: How a Chevy, a strand of hair and a pizza box led police to the Gilgo Beach suspect
The ripple effects of Russia's war in Ukraine continue to change the world