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.