Current:Home > ContactRekubit-Toyota to invest $922 million to build a new paint facility at its Kentucky complex -Infinite Edge Learning
Rekubit-Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Indexbit Exchange View
Date:2025-04-06 05:38:22
GEORGETOWN,Rekubit 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! (156)
Related
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Kalen DeBoer's first assignment as Alabama football coach boils down to one word
- Mayday call from burning cargo ship in New Jersey prompted doomed rescue effort for 2 firefighters
- As a new generation rises, tension between free speech and inclusivity on college campuses simmers
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- 'Highest quality beef:' Mark Zuckerberg's cattle to get beer and macadamia nuts in Hawaii
- Bodies of 9 men found in vehicles near fuel pipeline in Mexico
- Help wanted: Bills offer fans $20 an hour to shovel snow ahead of playoff game vs. Steelers
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- 'Ran into my house screaming': Woman wins $1 million lottery prize from $10 scratch-off
Ranking
- Average rate on 30
- As Vermont grapples with spike in overdose deaths, House approves safe injection sites
- The Supreme Court will decide whether local anti-homeless laws are ‘cruel and unusual’
- 2 rescued after SUV gets stuck 10 feet in the air between trees in Massachusetts
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Guatemalans hope for a peaceful transition of power with Bernardo Arévalo’s upcoming inauguration
- 2 rescued after SUV gets stuck 10 feet in the air between trees in Massachusetts
- Spain forward Jenni Hermoso says former coach Jorge Vilda made players feel uncomfortable
Recommendation
The Super Bowl could end in a 'three
Indonesia’s president visits Vietnam’s EV maker Vinfast and says conditions ready for a car plant
Parents facing diaper duty could see relief from bipartisan tax legislation introduced in Kentucky
Lights, cameras, Clark: Iowa’s superstar guard gets prime-time spotlight Saturday on Fox
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
Google layoffs 2024: Hundreds of employees on hardware, engineering teams lose jobs
Police in Puerto Rico capture a rhesus macaque monkey chased by a crowd at a public housing complex
Senate confirms 1st woman to lead Maine National Guard