Gestamp, a Spanish multinational engineering company, is investing $95 million into its Chattanooga plants. These plants specialize in hot and cold steel stamping and will support Volkswagen and Mercedes Benz electric vehicle production.
Gestamp says it will create 260 new jobs during the next three years.
“Gestamp’s third expansion in 10 years shows their commitment to Chattanooga and confidence in Tennessee’s skilled workforce,” Gov. Bill Lee says.
Gestamp employs about 1,000 people across Chattanooga in its three manufacturing plants.
“Tennessee is home to more than 900 automotive suppliers that support a number of global automakers including our state’s three OEMs,” Commissioner Bob Rolfe says. “We appreciate Gestamp for its continued commitment to Tennessee and the 260 new jobs that will be created as a result of this project.”
In addition to its manufacturing operations, Gestamp offers apprenticeship programming through a partnership with Hamilton County Schools’ work-based learning program.
“Gestamp has created an innovative work-based learning program that’s preparing the next generation to support Chattanooga’s new and existing business community,” Chattanooga Mayor Andy Berke says.