PARMA - General Motors will invest $14 million at its Parma Metal Center, which produces parts for virtually every North American GM vehicle, including the locally built Chevy Cruze.
The investment will mean installation of a progressive new press used for die cutting sample and production parts. Startup is scheduled for late this year or early 2015, the company said Tuesday.
"People are the foundation of our business. We have a great team, and we all look forward to this opportunity to again prove that we are one team, one goal and world class as we serve the customers who purchase our cars, trucks and crossovers," Parma Plant Manager Al McLaughlin said.
Since 2009, GM has invested about $120 million for improvements and upgrades at the 2.3-million-square-foot facility near Cleveland.
Parma supports vehicle builds at 13 GM assembly plants in North America and other customers, supplying 67 million parts last year. Local GM spokesman Tom Mock said the plant manufactures about 30 parts, mostly inner metals, for use on the Lordstown-built Cruze.
"On behalf of the shop committee and the membership, we appreciate the opportunity and the confidence that the UAW-GM joint leadership team has in us for building a brighter future at Parma," UAW Local 1005 Shop Chairman Bruno Razov said.
Another recent major investment at Parma included $20 million to support the build of the next-generation Chevrolet Cruze. While GM has remained mum on a launch date for the new Cruze, analysts and other sources have predicted the launch will come in time for the 2016 model year.
The Parma Metal Center processes more than 1,000 tons of steel per production day. Parma has more than 1,400 total dies and is capable of producing up to 100 million parts per year. It employs 1,400 hourly and salaried workers.