Gestamp plans to invest $69.5M for upgrades at South Charleston stamping plant

10/20/2023

Gestamp announced Wednesday it will invest nearly $70 million in its South Charleston stamping plant for an upgraded line to produce components for electric vehicles.

“Today, we are announcing that we are investing $69.5 million in this facility to upgrade our presses [and] introduce robotic laser equipment and welding equipment to satisfy our customers,” Gestamp U.S. President John Petroni said. “In addition, we’ll be adding 100 new positions to man all of our new equipment and prepare ourselves for the growth in electric vehicles.”

Petroni said the company worked with the West Virginia Department of Economic Development and was awarded a $7.5 million incentive to locate the expansion in West Virginia.

https://www.wvgazettemail.com/business/gestamp-plans-to-invest-69-5m-for-upgrades-at-south-charleston-stamping-plant/article_a896d578-2ebd-508a-9e5e-3f395fcc8a79.html

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Gestamp plans to invest $69.5M for upgrades at South Charleston stamping plant

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