Current:Home > MarketsToyota 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
View
Date:2025-04-17 01:10:46
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! (3988)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Lactaid Milk voluntarily recalled in 27 states over almond allergen risk
- Review: It's way too much fun to watch Kathy Bates in CBS' 'Matlock' reboot
- NFL Week 3 injury report: Live updates for active, inactive players for Sunday's games
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- College football Week 4 grades: Missouri avoids upset, no thanks to coach Eli Drinkwitz
- MLB playoff picture: Wild card standings, latest 2024 division standings
- Mary-Kate Olsen and Ashley Olsen Share Professional Update in Rare Interview
- Don't let hackers fool you with a 'scam
- 'Grieving-type screaming': 4 dead in Birmingham, Alabama; FBI investigating
Ranking
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Mary-Kate Olsen and Ashley Olsen Share Professional Update in Rare Interview
- Taylor Swift and Gigi Hadid Showcase Chic Fall Styles on Girls' Night Out in NYC
- 'How did we get here?' NASA hopes 'artificial star' can teach us more about the universe
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- DeVonta Smith injury: Eagles WR takes brutal hit vs. Saints, leads to concussion
- Feds: Man accused in apparent assassination attempt wrote note indicating he intended to kill Trump
- Michigan State football player Armorion Smith heads household with 5 siblings after mother’s death
Recommendation
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
A historic but dilapidated Illinois prison will close while replacement is built, despite objections
Will Taylor Swift attend the Kansas City Chiefs and Atlanta Falcons game?
Caitlin Clark endures tough playoff debut as seasoned Sun disrupt young Fever squad
This was the average Social Security benefit in 2004, and here's what it is now
Horoscopes Today, September 21, 2024
Selena Gomez Explains Why She Shared She Can't Carry Her Own Child
Cowboys' reeling defense faces tall order: Stopping No. 1-ranked Ravens offense