Honda Motor Co. said Wednesday its U.S. subsidiary will spend $123 million to construct a new paint facility at one of its two plants in Ohio.
It is the largest single investment in a series of renovations and expansions at Honda car plants in Ohio, according to the automaker.
Construction of the 21,700-sq.-meter facility will begin later this month at the Marysville plant, run by Honda of America Mfg. Inc., and will be completed in mid-2006, Honda said.