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Siemens Mobility pays $16.2 million for Lexington plant site

Summary by Ground News
Lexington Industrial Park is a public-private joint venture between the city and Front Street Capital. The global manufacturer committed March 8 to begin production in 2024 of passenger rail cars. Siemens officials said they chose the Lexington site because of three local factors: rail service, local workforce availability and cost of construction.

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Winston-Salem JournalWinston-Salem Journal
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Siemens Mobility pays $16.2 million for Lexington plant site

Siemens Mobility Inc. has paid $16.16 million for the 202-acre Lexington Industrial Park where it plans to operate a $220 million, 506-job East Coast production plant.

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Winston-Salem Journal broke the news in on Tuesday, March 28, 2023.
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