Subaru’s (FUJHY) North American production arm, Subaru of Indiana Automotive, will invest $158 million into two new plants that will create 350 jobs. Subaru of Indiana Automotive is a Subaru subsidary that produces the automakers Ascent, Impreza, Legacy, and Outback vehicles.

The investment by the company will go towards adding a new service parts facility and transmission assembly shop in Lafayette, Indiana. The new facilities will be located on Subaru of Indiana Automotive’s 820-acre campus.

The company’s service parts facility will be a standalone plant while the transmission and assembly shop will be an addition to the Lafayette plant. Construction of the two facilities will begin in summer.

Subaru of Indiana Automotive is the only manufacturing facility that Subaru has outside of Asia. The company employs more than 6,000 workers and began production for Subaru in 1989. Annual vehicle production at the plant is expected to reach 410,000 in 2020.

“Our production levels have tripled over the past 10 years,” said Scott Brand, senior vice president of administration and quality at Subaru of Indiana Automotive. “These new projects are exciting gro wth opportunities to help us meet increasing customer demand.”

Shares of Subaru stock were up 1.07% as of 12:14 p.m. EST on Wednesday.

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A Subaru logo is seen at the 2016 Washington Auto Show on Jan. 27, 2015, in Washington, D.C. Getty Images/Mandel Ngan
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