General Motors to invest $133 million, add third stamping plant for new models
General Motors will invest $133 million to add a third stamping press to its Wentzville Assembly and Stamping plant, with the potential for creating or retaining approximately 55 jobs.
GM will build and equip a 114,000-square-foot stamping plant addition to make manufacturing more flexible at the site. Construction will begin in July, and GM expects the press to be operational by early 2015.
Wentzville is the home for GM’s full-size vans – the Chevrolet Express and GMC Savana – and is undergoing construction for production of GM’s next-generation midsize pickups, the Chevrolet Colorado and GMC Canyon.
This investment adds to the $380-million investment GM announced in November 2011 to prepare the plant for midsize pickup production.
“Our investment in a third stamping press is a win for the business, Wentzville employees and our customers,” said Larry Zahner, manufacturing manager, GM North America.
Wentzville Assembly employs approximately 2,000 employees across two shifts. The new press will increase the plant’s capacity in stamping fenders, doors and other key components for the new pickups and full-size vans.
“The automotive industry continues to invest in Missouri because we combine a low-tax, business-friendly environment with a workforce that is second to none,” Gov. Jay Nixon said. “We’re very pleased that General Motors is again expanding operations at its Wentzville plant. Today’s announcement is another great win for Missouri workers and our economy.”