Current:Home > ScamsToyota to invest $922 million to build a new paint facility at its Kentucky complex -FundWay
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-20 09:58:31
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! (7)
Related
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Uber driver shot and killed by 81-year-old Ohio man after both received scam calls, police say
- 2024 Olympics are only 100 days away: Here's how Team USA is shaping up for Paris.
- Elephant named Viola escapes circus, takes walk through bustling Montana street
- Louvre will undergo expansion and restoration project, Macron says
- Cheryl Burke Addresses Rumors She Hooked Up With DWTS Partner Gilles Marini
- Alabama lawmakers advance bills to ensure Joe Biden is on the state’s ballot
- Olivia Munn Details Medically Induced Menopause After “Terrifying” Breast Cancer Journey
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- How a Tiny Inland Shorebird Could Help Save the Great Salt Lake
Ranking
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Senator’s son pleads not guilty to charges from crash that killed North Dakota sheriff’s deputy
- After Stefon Diggs trade, Bills under pressure in NFL draft to answer for mounting losses
- How Ukraine aid views are shaped by Cold War memories, partisanship…and Donald Trump — CBS News poll
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Boeing in the spotlight as Congress calls a whistleblower to testify about defects in planes
- Police seeking arrest of Pennsylvania state lawmaker for allegedly violating restraining order
- European astronomers discover Milky Way's largest stellar-mass black hole: What to know
Recommendation
At site of suspected mass killings, Syrians recall horrors, hope for answers
After Stefon Diggs trade, Bills under pressure in NFL draft to answer for mounting losses
2024 NBA playoffs: First-round schedule, times, TV info, key stats, who to watch
Jessica Simpson Reveals How Becoming a Mom Gave Her Body Confidence
SFO's new sensory room helps neurodivergent travelers fight flying jitters
Why Tori Spelling Isn't Ashamed of Using Ozempic and Mounjaro to Lose Weight After Giving Birth
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Ham Sandwiches
New York’s high court hears case on abortion insurance coverage