Metal automotive components maker Gestamp (Union, SC) is expanding its existing facility in Union in an effort to meet increased demand from local automotive original equipment manufacturers. The project is expected to bring $129 million in new capital investment and lead to the creation of 130 jobs.
With a workforce of more than 34,000 associates, Gestamp operates 98 manufacturing plants worldwide and has 10 more under construction. The company develops and manufactures metal components and structural systems for the automotive industry using various technologies, including hot and cold stamping, hydroforming, and laser welding. The company also has 12 research and development facilities focused on continued innovation.
Designed to serve the existing BMW and Volvo Cars operations in South Carolina, Gestamp will be adding more than 300,000 sq. ft. of space to its current operations, which are located at One LSP Road in Union, SC. The company will also be constructing 123,000 sq. ft. of new space and adding another 182,000 sq. ft. by leasing an existing building.
Hiring for the new positions is expected to begin in the second quarter of 2018.
For more information, please visit www.gestamp.com.