Chrysler to Invest $63 Million in Warren Stamping Facility
Chrysler has announced earlier this week that it will drop $63 million into its 65-year-old Warren Stamping Plant in Michigan to expand capacity to keep up with the company's growing assembly plants. Since June 2009, Chrysler has invested over $5.3 billion into its facilities. The bulk of this latest investment will be used to buy and install the latest high-speed Servo Tandem Press technology, and construction on the new press line has already begun. Chrysler is hopeful that it will be up and running by December 2015. Production capacity will increase to 12,000 hits a day, or 3.6 million parts annually. "As production at our Chrysler Group assembly plants has nearly tripled in the past five years, we have been pushing our stamping facilities to keep up. This much-needed investment for a new press line will help us continue to meet demand and maintain the quality that our stamping plants have worked so hard to achieve," said Mauro Pino, Vice President and Head of Manufacturing, Chrysler Group, in a recent statement. Right now, the Warren Stamping Plant provides parts stamped out of sheet metal, including hoods, roofs, liftgates, side apertures, and more. These parts are then used to construct the Dodge Grand Caravan and Chrysler Town & Country, Dodge Durango and Jeep Grand Cherokee, Dodge Dart, Jeep Cherokee, and Ram Trucks. Source: Chrysler
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