General Motors (GM) has announced it will start construction next week on a new $200 million stamping facility at its existing Arlington, Texas, manufacturing complex. The plant is expected to create about 180 jobs. After going online in 2013 it will save GM about $40 million a year in logistics cost, according to the company.
The new facility will produce large stamping components for the next generation of full-size Chevrolet Tahoes, Suburbans, GMC Yukons and Cadillac Escalades. Currently the Arlington complex receives stamped components from several GM plants, with some parts coming from more than 1,000 miles away.
This announcement is the first manufacturing investment by GM in 2012. Since June 2009, the company has announced more than $6.9 billion of investment to upgrade or expand operations in 12 states, creating or retaining more than 17,600 jobs.