Current:Home > ScamsTrendPulse|Toyota to invest $922 million to build a new paint facility at its Kentucky complex -Zenith Investment School
TrendPulse|Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Fastexy Exchange View
Date:2025-04-06 10:12:18
GEORGETOWN,TrendPulse 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! (6)
Related
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- What's the best dog breed? Survey shows each state's favorite type of pup
- Farmer sells her food for pennies in a trendy Tokyo district to help young people walking around hungry
- How Exes La La Anthony and Carmelo Anthony Co-Parent During the Holidays
- DoorDash steps up driver ID checks after traffic safety complaints
- Spanish police arrest 14 airport workers after items go missing from checked-in suitcases
- Judge rejects conservative challenge to new Minnesota law restoring felons’ voting rights
- Pope Francis calls for global treaty to regulate artificial intelligence: We risk falling into the spiral of a technological dictatorship
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Maren Morris’ Ex Ryan Hurd Shares Shirtless Photo in Return to Social Media After Divorce Filing
Ranking
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Reeves appoints new leader for Mississippi’s economic development agency
- Matthew Perry’s Cause of Death Revealed
- Selena Gomez and Benny Blanco Pack on the PDA During Intimate NYC Moment
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- What’s streaming now: ‘Barbie,’ Taylor Swift in your home, Cody Johnson and the return of ‘Reacher’
- Reeves appoints new leader for Mississippi’s economic development agency
- Jake Paul vs. Andre August live updates: Start time, live stream, highlights, results
Recommendation
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
Hungary’s Orbán says he won’t hesitate to slam the brakes on Ukraine’s EU membership
Offshore wind farm projects face major hurdles amid tough economic climate
Gov. Mills nominates 1st woman to lead Maine National Guard
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
North Carolina high court says a gun-related crime can happen in any public space, not just highway
Spanish police arrest 14 airport workers after items go missing from checked-in suitcases
Poland picks Donald Tusk as its new leader, bucking Europe's trend to the far right