Current:Home > ScamsToyota to invest $922 million to build a new paint facility at its Kentucky complex -Dynamic Wealth Solutions
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-15 21:29:59
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! (47)
Related
- 'Most Whopper
- Drugmaker Mallinckrodt may renege on $1.7 billion opioid settlement
- International screenwriters organize 'Day of Solidarity' supporting Hollywood writers
- UPS workers facing extreme heat win a deal to get air conditioning in new trucks
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- The missing submersible raises troubling questions for the adventure tourism industry
- Save 40% On Top-Rated Mascaras From Tarte, Lancôme, It Cosmetics, Urban Decay, Too Faced, and More
- Kate Middleton and Prince William Show Rare PDA at Polo Match
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Get $75 Worth of Smudge-Proof Tarte Cosmetics Eye Makeup for Just $22
Ranking
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Ex-Starbucks manager awarded $25.6 million in case tied to arrests of 2 Black men
- Take 20% Off the Cult Favorite Outdoor Voices Exercise Dress in Honor of Its 5-Year Anniversary
- The Truth About Kyra Sedgwick and Kevin Bacon's Enduring 35-Year Marriage
- Meta donates $1 million to Trump’s inauguration fund
- A Court Blocks Oil Exploration and Underwater Seismic Testing Off South Africa’s ‘Wild Coast’
- Tupperware once changed women's lives. Now it struggles to survive
- This Adjustable Floral Dress Will Be Your Summer Go-To and It’s Less Than $40
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Inside Clean Energy: Yes, There Are Benefits of Growing Broccoli Beneath Solar Panels
California Had a Watershed Climate Year, But Time Is Running Out
Drifting Toward Disaster: the (Second) Rio Grande
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
This Adjustable Floral Dress Will Be Your Summer Go-To and It’s Less Than $40
Thousands of Reddit communities 'go dark' in protest of new developer fees
Olivia Rodrigo's Celebrity Crush Confession Will Take You Back to the Glory Days