Corporacion Gestamp, an international supplier of complex structural stampings and assemblies for automobiles, plans to expand its Chelsea and Mason facilities the Michigan Economic Development Corporation announced on Wednesday.
The company received $1.575 million in Michigan Business Development Program grants from the Michigan Strategic Fund. In total, Corporacion Gestamp is investing $158 million at the Chelsea and Mason facilities, bringing 235 jobs. The company also plans to invest an additional $700,000 and create 60 new positions at its North American Headquarters in Troy. Chelsea is expected to have a new chassis assembly line, electronic coat paint line, and a press-hardening line with an integrated laser cutting cell in Mason.
Governor Rick Snyder commented Gestamp’s decision to expand in Michigan keeps improving the state as the global automotive capital and at the forefront of the next chapter in transportation. Michigan is also home to Lightweight Innovations for Tomorrow (LIFT), a company that finds ways to build high tech, safer, cost effective, and fuel efficient vehicles for Michigan based automakers and manufacturers. Michigan is home to 63 of the top 100 North American automotive suppliers with the highest concentration of research and development facilities in the nation.