The MSF board approved support for Gestamp, a multinational group that specialized in the design, development, and manufacture of highly engineered metal components for leading automotive manufacturers. With its North American headquarters founded in Troy, Gestamp North America, Inc. is planning expansions at three of its Michigan manufacturing operations in Mason, Lapeer, and Chelsea.
These projects will add new production machinery and equipment to produce new OEM business components, allowing the company to attract and procure additional production of new components for OEM electric vehicles. Plans for a fourth manufacturing operation, located in Chesterfield, will help to further serve new OEM business and expand the company’s presence in the state.
Gestamp’s investment in growing its presence in Michigan will help support the state’s position as a leader in the future of mobility and vehicle electrification, while bringing immediate job growth in the state’s automotive ecosystem. “Gestamp is a valued industrial and community partner,” said Chelsea City Manager Martin Colburn. “Their continued investment creates jobs locally and is a part of the automobile industry that historically established Michigan as a leader to serve the nation and the world.”
“We are happy and proud to have the support from the government of Michigan to help Gestamp grow our business in this key automotive hub after 20 years of success in the local car industry. With these new projects, Michigan stays and strengthens its position as the main investment and employment state of Gestamp in the United States,” said Luis Ceular, Gestamp US President. “We feel fortunate to get this opportunity allowing us to have a positive impact in the communities where we operate, and to keep developing and employing more associates in Michigan, who are our most valued asset as a business.”
Ceular thanked in particular the MEDC and its local community partners, including the Detroit Regional Partnership, Macomb County Department of Planning and Economic Development, Ann Arbor SPARK, Lansing Economic Area Partnership (LEAP), Lapeer Development Corporation, the City of Mason, and the City of Chelsea.
“We commend Gestamp for choosing to invest in their facility in Chelsea, Michigan, amidst their global options for investment. The City of Chelsea’s support for this project, which included an abatement approved last year, has been instrumental. As a proactive member of our regional business community, their decision to expand here signifies their confidence in our local workforce and infrastructure,” said Phil Santer, Ann Arbor SPARK Senior Vice President and Chief of Staff.
The project, which involves the creation of up to 580 qualified new jobs and a capital investment of up to $390.2 million across the four locations, is being supported by a $5 million Michigan Business Development Program grant and the approval of two 15-year, 100% State Essential Services Assessment exemptions with an estimated value of up to $4,520,614 for its $211,946,620 eligible investment.
