Current:Home > NewsSurpassing:Toyota to invest $922 million to build a new paint facility at its Kentucky complex -WealthGrow Network
Surpassing:Toyota to invest $922 million to build a new paint facility at its Kentucky complex
EchoSense Quantitative Think Tank Center View
Date:2025-04-06 10:10:35
GEORGETOWN,Surpassing 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! (851)
Related
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Cavaliers' Tristan Thompson suspended 25 games for violating NBA's Anti-Drug Program
- Cavaliers' Tristan Thompson suspended 25 games for violating NBA's Anti-Drug Program
- These Gym Bags Are So Stylish, You’ll Hit the Gym Just to Flaunt Them
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Just 1 in 10 workers in the U.S. belonged to labor unions in 2023, a record low
- A hospital in northern Canada is preparing for casualties after plane crashes, officials say
- The Best Comfy & Chic Work Clothes To Upgrade Your Office Looks
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Memphis residents endure 4 days of water issues after cold weather breaks pipes: 'It's frustrating'
Ranking
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Selena Gomez Shares Body Positive Message With Swimsuit Photos
- Will Ravens TE Mark Andrews play in Sunday's AFC title game vs. Chiefs?
- Kim Kardashian's SKIMS Valentine's Day Shop Features Lana Del Rey and Over 15 New Collections
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Youth rehab worker charged with child abuse after chokehold made boy bite tongue in half
- ‘Gone Mom’ prosecutors show shirt, bra, zip ties they say link defendant to woman’s disappearance
- Nearly 1,000 manatees have record-breaking gathering at Florida state park amid ongoing mortality event
Recommendation
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Germany’s top court rules a far-right party is ineligible for funding because of its ideology
Wendy's adds breakfast burrito to morning menu
Bill would revise Tennessee’s decades-old law targeting HIV-positive people convicted of sex work
Tree trimmer dead after getting caught in wood chipper at Florida town hall
Narcissists wreak havoc on their parents' lives. But cutting them off can feel impossible.
Oscar 2024: What to know about 'Barbie,' Cillian Murphy, Lily Gladstone nominations
How do I ask an employer to pay for relocation costs? Ask HR