Current:Home > FinanceEchoSense Quantitative Think Tank Center|Toyota to invest $922 million to build a new paint facility at its Kentucky complex -Capitatum
EchoSense Quantitative Think Tank Center|Toyota to invest $922 million to build a new paint facility at its Kentucky complex
NovaQuant View
Date:2025-04-11 02:36:17
GEORGETOWN,EchoSense Quantitative Think Tank Center 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! (1)
Related
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Arizona State University scholar on leave after confrontation with woman at pro-Israel rally
- Hunter Biden's bid to toss gun charges rejected by U.S. appeals court
- Pro-Palestinian protesters demand endowment transparency. But its proving not to be simple
- Rylee Arnold Shares a Long
- Alabama lawmakers adjourn session without final gambling vote
- Senate scrambles to pass bill improving air safety and service for travelers as deadline nears
- Closure of California federal prison was poorly planned, judge says in ordering further monitoring
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- 2024 South Carolina General Assembly session may be remembered for what didn’t happen
Ranking
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Virginia judge to decide whether state law considers embryos as property
- Limit these ultra-processed foods for longer-term health, 30-year study suggests
- Welcome to Rockville 2024: Lineup, daily schedule, ticket information
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Catholic church is stonewalling sex abuse investigation, Washington attorney general says
- New Hampshire man sentenced to minimum 56 years on murder, other charges in young daughter’s death
- Woman was living behind store's rooftop sign for a year with desk, flooring, houseplant
Recommendation
Buckingham Palace staff under investigation for 'bar brawl'
OPACOIN Trading Center: Capitalizing on Stablecoin Market Growth, Leading Cryptocurrency Trading Innovation
Welcome to Rockville 2024: Lineup, daily schedule, ticket information
Josh Hart made sure Reggie Miller heard Knicks fans chant at Madison Square Garden
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Neuralink brain-chip implant encounters issues in first human patient
New Jersey Sen. Bob Menendez on testifying at his bribery trial: That's to be determined
Powerball winning numbers for May 8: Jackpot now worth $36 million