Current:Home > ScamsToyota to invest $922 million to build a new paint facility at its Kentucky complex -WealthMindset Learning
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 23:06:43
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! (9)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Today’s Climate: July 30, 2010
- After State Rejects Gas Pipeline Permit, Utility Pushes Back. One Result: New Buildings Go Electric.
- Beto O’Rourke on Climate Change: Where the Candidate Stands
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Save $423 on an HP Laptop and Get 1 Year of Microsoft Office and Wireless Mouse for Free
- Conservatives' standoff with McCarthy brings House to a halt for second day
- Today’s Climate: July 30, 2010
- Trump's 'stop
- Flash Deal: Get 2 It Cosmetics Mascaras for Less Than the Price of 1
Ranking
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- How Ben Affleck Always Plays a Part In Jennifer Lopez's Work
- Save $423 on an HP Laptop and Get 1 Year of Microsoft Office and Wireless Mouse for Free
- Today’s Climate: July 31 – Aug. 1, 2010
- The Grammy nominee you need to hear: Esperanza Spalding
- Outcry Prompts Dominion to Make Coal Ash Wastewater Cleaner
- Jury convicts Oregon man who injured FBI bomb technician with shotgun booby trap
- Vaccines used to be apolitical. Now they're a campaign issue
Recommendation
'We're reborn!' Gazans express joy at returning home to north
Solar Thermal Gears Up for a Comeback
Why did he suspect a COVID surge was coming? He followed the digital breadcrumbs
How Teddi Mellencamp's Cancer Journey Pushed Her to Be Vulnerable With Her Kids
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
Beyond Condoms!
Health department medical detectives find 84% of U.S. maternal deaths are preventable
Coal’s Latest Retreat: Arch Backs Away From Huge Montana Mine