BMW to invest US$200M for press shop in South Carolina facility
BMW Group announced that it will invest more than US$200 million for the creation of a 20,000-square meter press shop at its South Carolina plant.
KEY TAKEAWAYS
How much is the BMW Group investing for the creation of a new press shop in South Carolina?
The company earmarked US$200 million for the project.When will the new press shop start production?
The company will start production in 2024.BMW Manufacturing President and Chief Executive Officer Robert Engelhorn made the announcement at the South Carolina Automotive Summit. The latest investment is expected to generate more than 200 new jobs.
In a statement, the company said that the new press shop (which will begin production in 2024) will take raw coils of steel, cut them into blanks, and stamp sheet metal parts for BMW X models. Those components include hang-on parts such as the vehicle’s four doors, fenders, exterior body sides, and lift gate.
“The BMW Group is known worldwide for the outstanding quality produced by its press shops. We are excited to add this new technology to Plant Spartanburg,” Engelhorn shared.
“This investment reinforces BMW Group’s commitment in the United States and South Carolina. We continue to play a major role in the region’s economic strength as well as workforce development and job training,” he added.
The BMW Group has invested nearly US$12 billion in its South Carolina factory since 1992.
“BMW Manufacturing is the largest BMW Group plant in the world, producing more than 1,500 vehicles each day and 433,810 vehicles in 2021, a record. The factory has an annual production capacity of up to 450,000 vehicles and employs more than 11,000 people,” the company noted.
Photos from BMW
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