Current:Home > StocksToyota to invest $922 million to build a new paint facility at its Kentucky complex -Stellar Wealth Sphere
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-23 17:04:10
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! (5574)
Related
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Outside Hire
- Mayor of Columbus, Ohio, says ransomware attackers stole corrupted, unusable data
- George Clooney drags Quentin Tarantino, calls director David O. Russell 'miserable'
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Warheads flavored Cinnabon rolls and drinks set to make debut this month: Get the details
- Dolce & Gabbana's New $105 Dog Perfume: What It Is, Where To Find It, & Affordable Alternatives From $3
- Not all officer video from Texas school shooting was released, Uvalde police say
- Global Warming Set the Stage for Los Angeles Fires
- Indiana attorney general drops suit over privacy of Ohio girl who traveled for abortion
Ranking
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Alabama corrections chief discusses prison construction, staffing numbers
- The 21 Best Amazon Off-to-College Deals Starting at $5.77: Save on JBL, Apple, Bose & More
- AllBirds' New Everyday Sneaker Is Comfortable Right Out of the Box & I'm Obsessed
- Small twin
- Not all officer video from Texas school shooting was released, Uvalde police say
- 1 person injured in shooting at North Carolina mall, police say
- Mars, maker of M&M’s and Snickers, to buy Cheez-It owner Kellanova for nearly $30 billion
Recommendation
This was the average Social Security benefit in 2004, and here's what it is now
Influencer Christine Tran Ferguson Shares She's Pregnant One Year After Son Asher's Death
Utah dad drowns at state park trying to save son who jumped into water to rescue woman
'A bad situation did not get worse': Enraged bull euthanized after escaping slaughterhouse
Grammy nominee Teddy Swims on love, growth and embracing change
Watch man ward off cookie-stealing bear with shovel after tense standoff on California beach
Turnout in Wisconsin election tops 26%, highest in 60 years for fall primary in presidential year
Kylie Jenner and Timothee Chalamet Prove Sky's the Limit on Their Jet Date