Current:Home > ScamsToyota to invest $922 million to build a new paint facility at its Kentucky complex -Profound Wealth Insights
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-14 07:02:38
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! (79642)
Related
- Billy Bean was an LGBTQ advocate and one of baseball's great heroes
- 2024 Indianapolis 500: Start time, TV, live stream, lineup and key info for Sunday's race
- NASCAR at Charlotte spring 2024: Start time, TV, streaming, lineup for Coca-Cola 600
- National Wine Day 2024 deals, trends and recs: From crisp white wines to barrel-aged reds
- Euphoria's Hunter Schafer Says Ex Dominic Fike Cheated on Her Before Breakup
- Man convicted of murder in death of Washington state police officer shot by deputy
- Walmart digital coupons: Get promo codes from USA TODAY's coupons page to save money
- National Wine Day 2024 deals, trends and recs: From crisp white wines to barrel-aged reds
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Utah man declined $100K offer to travel to Congo on ‘security job’ that was covert coup attempt
Ranking
- JoJo Siwa reflects on Candace Cameron Bure feud: 'If I saw her, I would not say hi'
- Nearly a decade into Timberwolves career, Karl-Anthony Towns has been waiting for this moment.
- Globe-trotting archeologist who drew comparisons to Indiana Jones dies at age 94
- What is the first round order for the 2024 NHL draft? Who are the top prospects?
- Tropical weather brings record rainfall. Experts share how to stay safe in floods.
- What restaurants are open Memorial Day 2024? Hours and details for McDonald's, Starbucks, more
- Defense Secretary Lloyd Austin undergoes successful non-surgical procedure, Pentagon says
- Grayson Murray dies at age 30 a day after withdrawing from Colonial, PGA Tour says
Recommendation
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
Senate Democrats seek meeting with Chief Justice John Roberts after Alito flag controversy
USPS wants people to install new jumbo mailboxes. Here's why.
Does tea dehydrate you? How to meet your daily hydration goals.
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
Luka Doncic's 3-pointer over Rudy Gobert gives Mavs dramatic win, 2-0 lead over Timberwolves
Fans Solemnly Swear This Bridgerton Nepo Baby Reveal Is Totally Insane
National Wine Day 2024 deals, trends and recs: From crisp white wines to barrel-aged reds