A reported $217-million automotive aluminum diecasting and machining plant will be built this year in Henderson County, NC, to start next year producing “powertrain, driveline, and structural components.” Partners GF Automotive and Linamar Corp. announced their project last July, and reported their location late in February. Manufacturing is due to start in 2017.
The location is about 40 miles north of Greenville, SC, where BMW US Manufacturing Co. assembles cars and SUVs. South Carolina also will be home to a new Volvo Car USA LLC plant, and other foreign automakers have assembly plants across the Southeast states.
The joint-venture partners made it clear in their initial announcement that the new plant would supply a “European car maker.”
GF Linamar LLC will have an initial investment of $100 million. The larger capital-investment amount was reported by local development officials. The partners have not detailed the manufacturing operation, other than that it will combine their respective expertise in metalcasting and machining.
The 57-acre development will draw financial support from a Job Development Investment Grant (JDIG) approved by the North Carolina’s Economic Investment Committee today. The project is eligible to receive up to $4.2 million in total reimbursements in 12 annual installments, pending verification by state agencies that the plant has met incremental goals for job creation and investment.