GM just announced a new $491 million investment for its metal stamping operations in Marion, Indiana. The investment will support the production of steel and aluminum stamped parts for a variety of forthcoming products, including new GM electric vehicles.
The new investment will go towards the purchase and installation of two new press lines, complete press and die upgrades, and various other renovations, including a new 6,000-square-foot addition. Installation of these new upgrades are expected to ramp up later in the year.
The GM Marion Metal Center originally opened in 1956 as Fisher Body, and provides blanks, stampings, and sheet metal assemblies for various cars, vans, trucks, and SUVS manufactured throughout North America. The facility previously received four new presses following an investment made in 2010 and 2011. The facility currently employs over 750 team members, a figure which is expected to remain stable with the new additions.
“GM is making this investment because of the hard work and dedication of our UAW Local 977 members in Marion,” said UAW president and director of the General Motors and Gaming departments, Ray Curry. “The new stamping presses, upgrades and renovations associated with the investment will create job security for our members and help them care for their families and support their local community for years to come.”
Going forward, this latest $491 million investment is aimed at preparing the facility to support future GM electric vehicle production. Recent major investments to support GM EV production include $2.2 billion for the GM Factory Zero plant in Michigan (previously known as Detroit-Hamtramck), $4 billion for the GM Orion plant in Michigan, $2 billion for the GM Spring Hill plant in Tennessee, and $154 million for Lockport Components in New York.