Gestamp North America expanding existing Union County operations
March 9, 2017
Gestamp, an international manufacturer of metal automotive components, is expanding its existing facility in Union County 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 ten more under construction. 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.
“Gestamp continues to be a driving force for economic development in Union County. Their new investment of $129 million and the creation of 130 new jobs are a game changer for this county and the region,” said Union County Development Board Chairman Joe Nichols.
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, S.C. 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, and those interested in applying should contact [email protected]. For more information on the company, visit www.gestamp.com.
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.
FIVE FAST FACTS
- Gestamp is expanding its Union County operations
- $129 million investment to create 130 new jobs
- Gestamp is an international manufacturer of metal automotive components and operates 98 manufacturing plants in 21 countries
- At its current site, located at One LSP Road in Union, S.C., the company will be constructing 123,000 square feet and adding another 182,000 square feet by leasing an existing building
- Hiring for the new positions is projected to begin in the second quarter of 2018, and those interested in applying should contact [email protected].
About Gestamp:
Gestamp is a world leader in designing, developing, and manufacturing metallic assemblies and components for the main automobile manufacturers. It specializes in developing products with an innovative design in order to achieve vehicles that are progressively safer and lighter and, therefore, better in terms of energy consumption and environmental impact. Its products cover the body, chassis, and mechanism areas. It has a presence in 21 countries, and has 98 industrial plants with ten under construction, 12 R&D centers, and a workforce of 34,000 employees all over the world. In 2015, its invoicing reached 7,035 million Euros.
