Current:Home > MyToyota 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
SafeX Pro View
Date:2025-03-11 01:28:21
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! (74)
Related
- Trump invites nearly all federal workers to quit now, get paid through September
- Opinion: What is Halloween like at the White House? It depends on the president.
- Hugh Jackman Marvelously Reacts to Martha Stewart's Comments About Ryan Reynolds' Humor
- Britain has banned protests outside abortion clinics, but silent prayer is a gray area
- Intellectuals vs. The Internet
- Trump will rally backers every day until the election in North Carolina, a swing state he won twice
- A.J. Brown injury update: Eagles WR suffers knee injury in Week 9 game vs. Jaguars
- Brian Branch ejected: Lions DB was ejected from the Lions-Packers game in Week 9
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Chloë Grace Moretz Comes Out as Gay in Message on Voting
Ranking
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- What time does daylight saving time end? When is it? When we'll 'fall back' this weekend
- Here’s what to watch as Election Day approaches in the U.S.
- Sister Wives’ Janelle Brown Confronts Ex Kody Brown About Being Self-Absorbed” During Marriage
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- New York Red Bulls eliminate defending MLS Cup champion Columbus Crew in shootout
- Washington governor OKs massive new wind farm and urges swift turbine approvals
- Instagram video blurry? Company heads admits quality is degraded if views are low
Recommendation
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
Two SSI checks are coming in November. You can blame the calendar.
Debate over abortion rights leads to expensive campaigns for high-stakes state Supreme Court seats
Hindered Wildfire Responses, Costlier Agriculture Likely If Trump Dismantles NOAA, Experts Warn
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
‘Venom 3’ tops box office again, while Tom Hanks film struggles
Karma is the guy in Indy: Travis Kelce attends Saturday night Eras Tour
Who’s Running in the Big Money Election for the Texas Railroad Commission?