Current:Home > FinanceToyota to invest $922 million to build a new paint facility at its Kentucky complex -文件: temp/data/webname/news/nam2.txt
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-15 04:56:51
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! (57)
Related
- Plunge Into These Olympic Artistic Swimmers’ Hair and Makeup Secrets
- Senate GOP leader Mitch McConnell can continue with his work schedule, congressional physician says
- 2nd man charged in July shooting at massive Indiana block party that killed 1, injured 17
- Taylor Swift is 'in a class of her own right now,' as Eras tour gives way to Eras movie
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Jury in Jan. 6 case asks judge about risk of angry defendant accessing their personal information
- Horoscopes Today, August 31, 2023
- Manhunt underway after convicted murderer escapes Pennsylvania prison: An extremely dangerous man
- Tropical weather brings record rainfall. Experts share how to stay safe in floods.
- Send off Summer With Major Labor Day Deals on Apple, Dyson, Tarte, KitchenAid, and More Top Brands
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Jimmy Kimmel 'was very intent on retiring,' but this changed his mind
- Utah Influencer Ruby Franke Arrested on Child Abuse Charges
- AP Election Brief | What to expect in Utah’s special congressional primary
- Giants, Lions fined $200K for fights in training camp joint practices
- Have a food allergy? Your broken skin barrier might be to blame
- Clarence Thomas discloses more private jet travel, Proud Boys member sentenced: 5 Things podcast
- US regulators might change how they classify marijuana. Here’s what that would mean
Recommendation
Shilo Sanders' bankruptcy case reaches 'impasse' over NIL information for CU star
Statue believed to depict Marcus Aurelius seized from Cleveland museum in looting investigation
Trader Joe's recalls black bean tamales, its sixth recall since July
Alabama lawmaker’s assistant charged in scheme to misuse grant money
Judge says Mexican ex-official tried to bribe inmates in a bid for new US drug trial
Mexico’s broad opposition coalition announces Sen. Xóchitl Gálvez will run for presidency in 2024
Biden to travel to Florida on Saturday to visit areas hit by Hurricane Idalia
Trader Joe's issues latest recall for black bean tamales sold in select states