GM to invest $14M in Parma plant
General Motors Corp. will invest $14 million at its Parma Metal Center to install a new press that can be used for die tryout and regular parts production.
This is GM’s latest investment at the Northeast Ohio metal stamping and assembly plant, which has received $120 million in company investments since 2009. The automaker made the announcement Tuesday. The Parma plant supports vehicle production at 13 assembly plants in North America, including the Lordstown facility.
With startup scheduled for late this year or early next, GM said the new press will help the facility enhance quality and productivity.
“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,” Al McLaughlin, Parma plant manager, said in a prepared statement.
Among GM’s recent investments at the facility was a $20 million allotment to support the build of the next-generation Cruze at Lords-town, the company said.
The 2.3-million-square-foot Parma plant processes more than 1,000 tons of steel in one day of production and employs more than 1,400 workers.