General Motors has announced it will invest $14 million in its Parma Metal Center in Parma, OH., in order to support the installation of a metal press which can be used for both die tryouts and regular parts production.
The installation of the press will begin late this year or in early 2015. GM says the press will help the Parma facility enhance product quality and productivity, benefitting the plant’s many customers across North America.
“People are the foundation of our business. We have a great team, and we all look forward to this opportunity to again prove that we are one team, one goal and world class as we serve the customers who purchase our cars, trucks and crossovers,” Parma Plant Manager, Al McLaughlin, said in a statement.
Since 2009, GM has invested more than $120 million in the Parma facility to complete improvements and upgrades. The 2.3 million sq. ft. facility supports 13 GM assembly plants across North America as well as other customers and produces more than 67 million parts annually.
Other recent investments in the Parma plant include $20 million in order to support the build of the next-generation of Chevrolet Cruze, $25 million for the installation of multi-flex assembly cells and $20 million for various upgrades to press rooms.