Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -MoneyBase
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 13:45:15
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! (24)
Related
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Federal Reserve’s favored inflation gauge shows price pressures easing as rate cuts near
- Chrysler's great-grandson wants to buy, rebuild Chrysler, Dodge brand; Stellantis responds
- Afghan woman Zakia Khudadadi wins Refugee Team’s first medal in Paralympic history
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Top Brazilian judge orders suspension of X platform in Brazil amid feud with Musk
- Murder conviction remains reinstated for Adnan Syed in ‘Serial’ case as court orders new hearing
- Justices promise at least 5 weeks between backlogged executions in South Carolina
- Sonya Massey's father decries possible release of former deputy charged with her death
- 7 US troops hurt in raid with Iraqi forces targeting Islamic State group militants that killed 15
Ranking
- See you latte: Starbucks plans to cut 30% of its menu
- What to know about Johnny Gaudreau, Blue Jackets All-Star killed in biking accident
- Women’s college in Virginia bars transgender students based on founder’s will from 1900
- US Open highlights: Frances Tiafoe outlasts Ben Shelton in all-American epic
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Alexei Popyrin knocks out defending champ Novak Djokovic in US Open third round
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Broken Lease
- 2 states ban PFAS from firefighter gear. Advocates hope more will follow suit
Recommendation
Where will Elmo go? HBO moves away from 'Sesame Street'
A measure to repeal a private school tuition funding law in Nebraska will make the November ballot
Maui judge agrees to ask state Supreme Court about barriers to $4B wildfire settlement
2 states ban PFAS from firefighter gear. Advocates hope more will follow suit
Federal hiring is about to get the Trump treatment
Another grocery chain stops tobacco sales: Stop & Shop ditches cigarettes at 360 locations
Error messages and lengthy online queues greet fans scrambling to secure Oasis reunion tickets
Maui judge agrees to ask state Supreme Court about barriers to $4B wildfire settlement