Gestamp North America invests $100 million for West Virginia factory

Article by Anita Panait, on April 13, 2012

Gestamp North America will make at least a $100 million investment into its South Charleston, West Virginia stamping plant to prepare the site, which will soon make parts for Honda Motor Co. and Ford Motor Co., the Charleston Daily Mail reports. According to the report, quoting Gestamp North America President John Craig, the investment into the plant is expected to produce up to 700 new jobs working on two production lines, adding three or four more over time.

The plant originally belongs to the ThyssenKrupp's Metal Forming group, until Gestamp Automocion of Spain acquired the former. Craig did not specify what parts the South Charleston plant would supply to Honda and Ford. Craig also did not say which Honda and Ford models or site would be involved. Craig told the Charleston Daily Mail that it was unknown if the plant will supply components for Volkswagen's Passat plant in Chattanooga.

Gestamp currently has a site in Chattanooga that provides VW with stamped parts and welded assemblies for the Passat. According to the Charleston Daily Mail, Gestamp inked a 12-year lease with the West Virginia plant with two 12-year renewal options. With the addition of the plant, Craig is now planning to score deals with car manufacturers like Mercedes, General Motors and Toyota.

If you liked the article, share on:

Comments

Recommended

We’re willing to bet that the Bentley Bentayga is not the first thing that comes to mind for most people who are into off-roading and outdoor activities. It just doesn’t...
by - November 23, 2017
The other day, it was confirmed that Volvo will finally bring the XC40 to US soil, where it will first make an appearance at the 2017 Los Angeles Auto Show....
by - November 23, 2017
There is no question that the new BMW M5 (F90) high performance sports sedan is more powerful, faster and more enticing than the previous model. But for interested customers in...
by - November 23, 2017
Following the Tesla Roadster’s electrifying revelation on Thursday, Musk’s highly ambitious goals have skyrocketed when he tweeted about his future plans for the new sports car. Well, kind of. The...
by - November 23, 2017
Earlier in November at the 2017 SEMA Show in Vegas is when Hennessey unwrapped the Venom F5 to all of us. But it was actually first introduced as a concept...
by - November 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries