Gestamp, the multinational company specialising in the design, development and fabrication of highly engineered metal components for the car industry, has recently inaugurated its new plant in Wolverhampton, in the West Midlands (UK).
The plant of 50,000 square metres will count on the latest generation of hot stamping equipment. The project will progressivly translate production at the existing Gestamp plant in Cannock to the new installations, thus conserving 800 current jobs. The investment, close to 50 million pounds, will renovate the company´s industrial capacity in the region, and could be enlarged depending on future projects. In 2018, Gestamp has opened five plants throughout the world, including that in the West Midlands.
In the opinion of Link Securities, Gestamp is maintaining its bid for growth through the implementation of hot stamoing production with the latest technology:
This process allows it to make components flexibly, with the aim of reinforcing its position in the UK, where it already has seven production plants, and supplies manufacturers like JLR, Nissan-Renault, Volvo, Ford, BMW, Toyota and Honda.
In fact, Gestamp UK counts with seven production plants, three in the north-east of the country, two in the Midlands, one in Llanelli (Wales) and another in the south, in Fareham. In total, its work force amounts to almost 3,000 employees. Since 2012, Gestamp has invested more than 200 million pounds in its installations in the UK.