Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -GoldenEdge Insights
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-21 00:55:43
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! (19)
Related
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Jake Paul reiterates respect for Mike Tyson but says he has 'to end him' during July fight
- Lando Norris wins first Formula 1 race, snaps Max Verstappen's streak at Miami Grand Prix
- How Meghan Markle and Prince Harry Changed the Royal Parenting Rules for Son Archie
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- North Dakota state rep found guilty of misdemeanor charge tied to budget votes and building
- Kylie Jenner Shares Her 5-Minute Beauty Routine for Effortless Glam
- Dallas Stars knock out defending champion Vegas Golden Knights with Game 7 win
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- JoJo Siwa Reacts to SNL Impression of Her New Look
Ranking
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- How much does a Met Gala ticket cost? A look at the price of entry for fashion's biggest night
- Celebrating excellence in journalism and the arts, Pulitzer Prizes to be awarded Monday
- Kentucky's backside workers care for million-dollar horses on the racing circuit. This clinic takes care of them.
- Highlights from Trump’s interview with Time magazine
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, On Top of the World
- Fallen US Marshal is memorialized by Attorney General Garland, family and others
- These Celebs Haven’t Made Their Met Gala Debut…Yet
Recommendation
A White House order claims to end 'censorship.' What does that mean?
Kim Godwin out as ABC News president after 3 years as first Black woman as network news chief
Kentucky's backside workers care for million-dollar horses on the racing circuit. This clinic takes care of them.
The Best Throwback Celebrity Cameos to Give You Those Nostalgia Vibes
Tree trimmer dead after getting caught in wood chipper at Florida town hall
2 killed when a small plane headed to South Carolina crashes in Virginia, police say
Miss USA Noelia Voigt makes 'tough decision' to step down. Read her full statement.
Detroit man sentenced to 80 years for fatal shootings of 2 West Virginia women