Current:Home > InvestToyota to invest $922 million to build a new paint facility at its Kentucky complex -Wealth Evolution Experts
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-13 05:25:27
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! (1761)
Related
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Tour guide identified as victim who died in Colorado gold mine elevator malfunction
- ‘Legacy’ Forests. ‘Restoration’ Logging. The New Jargon of Conservation Is Awash in Ambiguity. And Politics
- Horoscopes Today, October 14, 2024
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- 25 Shocking Secrets About Pulp Fiction Revealed
- Shocker! No. 10 LSU football stuns No. 8 Ole Miss and Lane Kiffin in dramatic finish
- Opinion: Penn State reverses script in comeback at USC to boost College Football Playoff hopes
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- SpaceX launches its mega Starship rocket. This time, mechanical arms will try to catch it at landing
Ranking
- Meta releases AI model to enhance Metaverse experience
- Ariana Grande hosts ‘SNL’ for the first time since the last female presidential nominee
- Talking about sex is hard, no matter how old you are | The Excerpt
- Alex Bowman eliminated from NASCAR playoffs after car fails inspection at Charlotte
- Former longtime South Carolina congressman John Spratt dies at 82
- Opinion: Harris has adapted to changing media reality. It's time journalism does the same.
- New York Mets vs. Los Angeles Dodgers channel today? How to watch Game 2 of NLCS
- Texas driver is killed and two deputies are wounded during Missouri traffic stop
Recommendation
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
Pet Halloween costumes 2024: See 6 cute, funny and spooky get-ups, from Beetlejuice to a granny
Cowboys stuck in a house of horrors with latest home blowout loss to Lions
Love Is Blind’s Chelsea Blackwell Reveals How She Met New Boyfriend Tim Teeter
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
1 adult fatally shot at a youth flag football game in Milwaukee
As 'Pulp Fiction' turns 30, we rank all Quentin Tarantino movies
NASCAR 2024 playoffs at Charlotte: Start time, TV, live stream, lineup for Roval race