Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -Wealth Legacy Solutions
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
TrendPulse View
Date:2025-03-11 04:59:01
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! (468)
Related
- A South Texas lawmaker’s 15
- 2 Federal Reserve officials say spike in bond yields may allow central bank to leave rates alone
- Judge upholds most serious charges in deadly arrest of Black driver Ronald Greene
- Is Mar-a-Lago worth $1 billion? Trump’s winter home valuations are at the core of his fraud trial
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- 21 Savage cleared to travel abroad, plans concert: 'London ... I'm coming home'
- Film Prize Jr. New Mexico celebrates youth storytellers in latest competition
- Cory Booker able to safely depart Israel after surprise Hamas attack in Gaza
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- The Crown Season 6 Premiere Dates Revealed in New Teaser
Ranking
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- An 'anti-World's Fair' makes its case: give land back to Native Americans
- For years, they trusted the army to defend and inform them. Now many Israelis feel abandoned
- Flag football in the Olympics? Cricket, lacrosse also expected as new sports for 2028
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Cowboys star Micah Parsons not convinced 49ers 'are at a higher level than us'
- Ohio social worker accused of having sexual relations with 13-year-old client
- Israeli and Palestinian supporters rally across US after Hamas attack: 'This is a moment to not be alone'
Recommendation
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
Priscilla's Cailee Spaeny Reveals How Magic Helped With Her and Jacob Elordi's Height Difference
Beyond X: Twitter's changed a lot under Elon Musk, here are some notable moves
NHL predictions: Experts make their Stanley Cup, awards picks for 2023-24 season
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
NHL predictions: Experts make their Stanley Cup, awards picks for 2023-24 season
'The Exorcist: Believer' lures horror fans, takes control of box office with $27.2M
Oregon announces record $5.6B tax kicker thanks to historic revenue surplus