S23 Holdings Inc. and its affiliates, including East Coast Repair and Fabrication, will establish a campus for ship repair, manufacturing and pier rehabilitation in Newport News, Gov. Ralph Northam announced last week.
The company plans to invest $64.4 million to create the business site at 1201 Terminal Avenue in Newport News and nearby property at 1511 Harbor Lane.
The new business is expected to create 332 new jobs, a release said.
Established in 1999, the company has provided ship repair, fabrication, welding, blasting and painting services in maritime and industrial sections from facilities in Virginia, Florida and California, the release said.
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