Gestamp opens £50m factory to safeguard 800 jobsMember News
Gestamp, the multinational company specialising in the design, development and manufacture of highly engineered metal components for the automotive industry, has opened its new manufacturing facility in Four Ashes, near Wolverhampton.
The 50,000 square metre plant is complete with state-of-the-art stamping equipment. It will also accommodate the production capability of the existing Gestamp Cannock plant, once the existing capacity is transferred. The move will safeguard the jobs of 800 people.
The new factory is the result of an investment close to £50 million and will upgrade the company’s industrial capabilities in the region. The company has also said that additional funding could be invested depending on future projects.
The opening of the new plant brings to five the number of facilities Gestamp has opened worldwide in 2018.
The new plant will bring a completely innovative technology for hot stamping. That includes one of the biggest hot stamping lines in the world aiming to provide a better service to customers, which include Jaguar Land Rover, Nissan-Renault, Volvo, Ford, BMW, Toyota and Honda.
The plant will also manufacture aluminium parts in an innovative transfer servo press, including battery boxes for electrical vehicles. The equipment will comprise laser cells for cutting and welding.
“This new plant is more efficient and competitive, it is a customer focused factory with opportunity for further growth with both existing and new clients,” said Gestamp Executive Chairman, Francisco J. Riberas.
“We will continue to help our customers and provide them with the latest technologies such as hot and aluminium stamping. We are already supporting them with the challenges that they face with electrical vehicles by providing lighter and safer solutions.”
Currently, Gestamp UK comprises seven production plants, three in the North East, two in the Midlands and one each in Llanelli and Fareham with a total workforce of nearly 3,000 employees. Since 2012, Gestamp has invested more than £200 million in its UK plants.