Current:Home > ContactToyota 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:2025-04-15 05:57:21
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! (676)
Related
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Channing Tatum Reveals the Moment He Realized He Needed Fiancée Zoë Kravitz
- More Americans say college just isn't worth it, survey finds
- Joe Bonsall, Oak Ridge Boys singer, dies at 76 from ALS complications
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Limited-Edition Mopar 2024 Jeep Gladiator Rubicon makes its grand debut
- Violent holiday weekend sees mass shootings in Michigan, Illinois and Kentucky
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, See Double
- Stamford Road collision sends motorcyclist flying; driver arrested
- Stock market today: Japan’s Nikkei 225 index logs record close, as markets track rally on Wall St
Ranking
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Two sets of siblings die in separate drowning incidents in the Northeast
- What does a jellyfish sting look like? Here's everything you need to know.
- Joe Tessitore to join WWE as play-by-play voice, team with Corey Graves, Wade Barrett
- Rylee Arnold Shares a Long
- Doomsday cult leader Paul Mackenzie goes on trial after deaths of over 400 followers in Kenya
- Behind Upper Midwest tribal spearfishing is a long and violent history of denied treaty rights
- Jimmy Kimmel shares positive update on son Billy, 7, following third open-heart surgery
Recommendation
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Under pressure from cities, DoorDash steps up efforts to ensure its drivers don’t break traffic laws
Limited-Edition Mopar 2024 Jeep Gladiator Rubicon makes its grand debut
AP PHOTOS: From the Caribbean to Texas, Hurricane Beryl leaves a trail of destruction
$73.5M beach replenishment project starts in January at Jersey Shore
More Americans say college just isn't worth it, survey finds
Mississippi inmate gets 30 year-year sentence for sexual assault of prison employee
Will Ferrell Reveals Why His Real Name “Embarrassed” Him Growing Up