Gestamp Expands Manufacturing Center In Union, South Carolina
Designed to serve the existing BMW and Volvo Cars operations in South Carolina, Gestamp will be adding more than 300,000 square feet of space to its current operations, which are located at One LSP Road in Union. The company will also be constructing 123,000 square feet of new space and adding another 182,000 square feet by leasing an existing building. Hiring for the new positions is expected to begin in the second quarter of 2018.
The company specializes in the development and manufacturing of metal components and structural systems for the automotive industry. Utilizing a variety of technologies, including hot and cold stamping, hydroforming, laser welding and more, Gestamp also has 12 research and development facilities focused on continued innovation.
As an incentive, the Coordinating Council for Economic Development has approved job development credits related to this project. Union County was also awarded a $750,000 Rural Infrastructure Grant to assist with the costs of real property improvements.
“This new project multiplies our size in South Carolina with a remarkable investment that shows how committed we are with our future operations at the Union County plant. The United States is a strategic market for us, where we have six plants in five different states, and we want to grow in this country with the major car manufacturers. This is an important step forward,” Gestamp North America CEO Jeff Wilson said.
“South Carolina’s economy is as strong as it has ever been, and it continues to grow with companies like Gestamp investing in our state and our people. The state’s strong automotive industry is one of the most important forces pushing our economic prosperity forward every day, and that’s because our skilled workforce has proven that it’s better than any other in the world, “ said Governor Henry McMaster.
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