LOUISVILLE, Ky. (WDRB) -- KOI Superior Walls plans to build a new facility in northern Kentucky to manufacture its precast concrete foundation walls for residential and commercial construction.

Kentucky Gov. Andy Beshear's Office said in a news release Thursday that the Boone County facility is expected to create 73 new full-time jobs over the next 10 years.

"We could not have the tremendous economic success we’ve had during this administration without our expansive manufacturing network," Beshear said in a news release. "KOI Superior Walls is a new and welcome addition to our manufacturing sector, and the company’s commitment to future growth will further strengthen Kentucky’s economy for years to come. I want to thank KOI’s leadership and look forward to seeing their success here in the commonwealth."

KOI Superior Walls expects to begin full operations in late 2025.

"We are excited to begin manufacturing Superior Walls in Northern Kentucky," KOI Superior Walls President Ross Votel said in a news release. "This innovative product offers significant benefits to the home-building process and an improved foundation in new homes. Our new facility will allow us to combine our decades of precast concrete manufacturing experience with this revolutionary system to grow into the future."

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