GM to build $200m stamping plant in Texas, US
US car maker General Motors will start construction of a new $200m stamping factory next week in Arlington, Texas, US.
The automaker said that the new plant which is a part of its Arlington manufacturing complex will create about 180 jobs.
The new Arlington plant which is expected to open in 2013, will make large stamping components for the next generation of full-size Chevrolet Tahoes, Suburbans, GMC Yukons and Cadillac Escalades.
The Arlington complex currently receives stamped components from several GM plants and some parts come from more than 1,000 miles away.
According to the automaker the new facility will save about $40m a year in logistics cost and is in addition to a $331m investment to buy tooling and equipment and expand the Arlington Assembly Plant that was announced along with 110 additional jobs in May 2011.
GM manufacturing manager Larry Zahner said the company's investment in its Arlington plant is one more example of its strengthening the economy and creating jobs throughout the many US communities where GM does business.
"This investment is possible because of the teamwork among GM, the UAW, the Arlington community and the great State of Texas," Zahner said.
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