Lee made the announcement Monday with Department of Economic and Community Development Commissioner Bob Rolfe and Nippon Paint CEO Tetsuro Fujita.
The Japan-based company is the world's fourth largest paint and coatings manufacturer. Nippon Paint USA manufactures and distributes paints and coatings for the automotive and industrial coatings market.
According to a news release, the company is set to build a 270,000-square-foot new facility in Chattanooga in 2020. The new facility will be the company's first U.S. plant to manufacture E-Coat paint for customers in the U.S., Canada and Mexico.
Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.