Auto Parts Manufacturer Invests $100 Million In West Virginia Auto Parts Plant, Creating 700 Jobs
04/11/2012
The firm, a subsidiary of Spain-based Gestamp Automocion, plans to reopen the 1-million square-foot building that once housed the former South Charleston Stamping and Manufacturing Plant.
"Immediately the City of South Charleston will see employees moving onto the site, applications being accepted and investment made in the local economy," said Jeff Wilson, President and CEO of Gestamp.
"This is a tremendous opportunity not only for the Kanawha Valley but for the entire State of West Virginia," said Gov. Ray Tomblin. "This was a collaborative effort between Gestamp, Park Corporation, the City of South Charleston, the Kanawha County Commission and the State of West Virginia. We all worked together to make this opportunity a reality."
"Working with city leaders we are beginning to see the fruits of our labors to develop a business climate that will bring more businesses to South Charleston," said Mayor Frank Mullens.
"When it was announced the stamping plant would close years ago many thought the jobs would be gone forever, and many lost hope," said Kent Carper, President of the Kanawha County Commission. "We now know, because of reform efforts of then Senate President Earl Ray Tomblin, then Governor Joe Manchin and the Kanawha County delegation, jobs are returning to the Kanawha Valley."
As part of an incentive package, West Virginia Economic Development offered job training, relocation loans and tax breaks based on job creation, while the city offered property tax abatements and other incentives.
Project Announcements
Southeastern Timber Products Expands Ackerman, Mississippi Sawmill, Operations
02/07/2025
HII Plans Berkeley County, South Carolina, Operations
02/05/2025
South Korea-Based SPC Group Plans Burleson, Texas, Production Operations
02/05/2025
Diageo North America Plans Montgomery, Alabama, Manufacturing-Warehouse Operations
02/05/2025
Octillion Power Systems Establishes Reno, Nevada, Battery Manufacturing Operations
02/05/2025
Letica Expands Fulton County, Kentucky, Operations
02/05/2025
Most Read
-
2024's Leading Metro Locations: U.S. Cities on the Rise Amid an Economic Reshuffling
Q4 2024
-
The Workforce Factor: How States Are Competing to Build Tomorrow's Talent
Q4 2024
-
Best Practices in Incentives Procurement
Q4 2024
-
NEW NIMBYism: A Threat to The U.S. Economy
Q4 2024
-
Five Strategies to Tackle the Data Center Talent Shortage
Q4 2024
-
Microsoft-Three Mile Island Deal Could Signal Path for Nuclear Power to Strengthen Partnerships with Big Tech
Q4 2024
-
Industries Look for Employees in Nontraditional Spaces Amid Labor Shortage
Q4 2024