GM to Invest $46 Million at Metal Center in Parma, Ohio

Today, General Motors announced plans to invest more than $46 million at its Parma, Ohio, metal stamping operation. This investment will be used for equipment upgrades and to prepare the facility to support future product programs. Parma produces sheet metal stampings and assemblies for multiple GM product programs. The renovation work will begin immediately at the facility.

“Our Parma operation is a longtime leader in metal stamping capabilities and this investment reflects our confidence in the employees at Parma,“ said Phil Kienle, GM vice president of North America Manufacturing and Labor Relations.  ”This investment will help the Parma team continue producing high quality, sheet metal stampings for a variety of future GM products"

The investment will also help provide job security for the Parma workforce.

The Parma plant opened in 1948 and has been a longtime leader in metal stamping capabilities. The Parma Metal Center processes over 800 tons of steel per day and services or supports the majority of General Motors North America produced vehicles. Parma has over 750 total dies and is capable of producing up to 100 million parts per year. The manufacturing processes include small, medium and large transfer press lines, high speed progressive presses and a world class cut-to-length shear, as well as GM North America’s largest stand-alone, multi-cell, resistance and laser welding metal assembly operations.  Parma employs approximately 1,000 employees. Hourly employees are represented by UAW Local 1005.

General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com.