Assembly Lines: Norfolk Southern Enjoys $1.5 billion in Development
NORFOLK, VA-Norfolk Southern Corp. helped locate 67 new industries and provided support for the expansion of 34 additional industries along its rail lines in 2004. The new plants and expansions represent an investment of approximately $1.5 billion and are expected to create an estimated 4,300 jobs.
The largest projects coming on line in 2004 were the expansion of an automobile assembly plant for Toyota Motor Co. in Princeton, IN, and the development of a new coke production facility for SunCoke Co. in Haverhill, OH.
During the past 10 years, Norfolk Southern's industrial development department has participated in the location or expansion of 1,109 industries, which invested $25 billion and created more than 60,000 jobs in the territory served by the railroad.