Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -ProfitSphere Academy
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Burley Garcia View
Date:2025-04-11 07:07:27
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! (992)
Related
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Arkansas abortion ban may be scaled back, if group can collect enough signatures
- Columbia students at pro-Palestine protest allegedly attacked with 'skunk' chemical
- Malaria mass-vaccination program launches in Cameroon, bringing hope as Africa battles surging infections
- Former longtime South Carolina congressman John Spratt dies at 82
- Frantic authorities in Zambia pump mud from Chinese-owned mine where 7 workers are trapped
- Ohio State athletics department generated revenue of almost $280 million in 2023 fiscal year
- How war changed Ukrainian President Volodymyr Zelenskyy
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Kim Kardashian's SKIMS Valentine's Day Shop Features Lana Del Rey and Over 15 New Collections
Ranking
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Rights center says Belarusian authorities have arrested scores of people in latest crackdown
- Sharna Burgess and Brian Austin Green's Rare Family Video of All 4 Kids Proves Life Is a Dance
- Bill would revise Tennessee’s decades-old law targeting HIV-positive people convicted of sex work
- Former Syrian official arrested in California who oversaw prison charged with torture
- Canada is preparing for a second Trump presidency. Trudeau says Trump ‘represents uncertainty’
- Amy Robach Says Her and T.J. Holmes' Careers Were Taken From Them Amid Romance
- Singer Chris Young charged for resisting arrest, disorderly conduct amid bar outing
Recommendation
Louvre will undergo expansion and restoration project, Macron says
Netflix buys rights to WWE Raw, other shows in live streaming push
Milwaukee Bucks fire first-year head coach Adrian Griffin after 43 games
A hospital in northern Canada is preparing for casualties after plane crashes, officials say
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
Want a six-pack? Here's how to get abs.
'Forgottenness' wrestles with the meaning of Ukrainian identity — and time
Ed O'Neill says feud with 'Married… With Children' co-star Amanda Bearse was over a TV Guide cover