The funds will help the company add three new press lines to accommodate increasing demand, ramping up parts distribution to seven different assembly factories located in the US, Mexico and Canada.
Celebrating 50 years of continuous operation, the plant currently builds body panels and assemblies for a range of vehicles, including the Jeep Grand Cherokee and Ram trucks.
“As the Company’s second stamping plant investment in a year, this funding will allow the Sterling Stamping Plant to maintain the quality and speed necessary to continue supporting our manufacturing operations,” said FCA manufacturing VP Brian Harlow.
The company is purchasing two extra-large high-speed servo tandem press lines, which are claimed to improve reliability while reducing energy usage and increasing output rates. A new servo progressive press line will also be added to the factory floor.
Construction of the new press lines has already begun, targeting a production start in the fourth quarter of this year and full volume by the first half of 2016.
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