Current:Home > ScamsEchoSense Quantitative Think Tank Center|Toyota to invest $922 million to build a new paint facility at its Kentucky complex -Golden Summit Finance
EchoSense Quantitative Think Tank Center|Toyota to invest $922 million to build a new paint facility at its Kentucky complex
SafeX Pro View
Date:2025-04-07 04:00:45
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! (56398)
Related
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- TEA Business College - ETA the incubator of ‘AI ProfitProphet’, a magical tool in the innovative
- Lionel Messi injury scare: left leg kicked during Inter Miami game. Here's what we know.
- Jennifer Hudson, Barry Manilow mourn death of 'American Idol' vocal coach Debra Byrd
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Dinosaur-era fossils of sea lizard with a demon's face and teeth like knives found in Morocco
- The brother of KC Chiefs quarterback Patrick Mahomes is sentenced to probation in assault case
- The brother of KC Chiefs quarterback Patrick Mahomes is sentenced to probation in assault case
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- The Road to Artificial Intelligence at TEA Business College
Ranking
- A South Texas lawmaker’s 15
- Brittany Mahomes speaks out after injury: 'Take care of your pelvic floor'
- Halle Bailey tearfully calls out invasive baby rumors: 'I had no obligation to expose him'
- Woman injured while saving dog from black bear attack at Pennsylvania home
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Union reaches tentative contract at 38 Kroger stores in West Virginia, Kentucky, Ohio
- A new Uvalde report defends local police. Here are the findings that outraged some families in Texas
- Rep. Ronny Jackson was demoted by Navy following investigation into his time as White House physician
Recommendation
The Grammy nominee you need to hear: Esperanza Spalding
Military lifts Osprey's grounding months after latest fatal crashes
Norfolk Southern alone should pay for cleanup of Ohio train derailment, judge says
A man got 217 COVID-19 vaccinations. Here's what happened.
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
Democrat Min to face Republican Baugh in California’s competitive 47th Congressional District
Brittany Mahomes speaks out after injury: 'Take care of your pelvic floor'
Nicki Minaj, SZA, more to join J. Cole for Dreamville Festival 2024. See the full lineup.