BMW To Commit $1B To Broaden Output At South Carolina Factory By 50%

BMW said Friday it would spend $ 1 billion to boost production at its South Carolina assembly plant by 50 percent in the next 2 years, one more signal that the United States has turn into a competitive internet site for manufacturing and an attractive supply for exports.

It will be the fifth expansion of the Spartanburg, S.C., plant because BMW initial started out creating autos in the United States twenty years in the past. By 2016, BMW will be able to create up to 450,000 vehicles a yr, up from 300,000 currently. The investment will add 800 jobs to the website, escalating the complete workforce to 8,800.

The expansion is essential to meet robust global demand for BMW’s crossover SUVs, like a new, bigger model announced Friday, the BMW X7. Spartanburg currently generates the X3, X5, X6, and the new X4 crossovers. A new plug-in hybrid version of the X5 will be launched quickly.

“This expansion implies Spartanburg will have the greatest production capacity of any plant in our global manufacturing ne2rk,” said Norbert Reithofer, chairman of the BMW Board of Management. “This plant already exports, on typical, 70% of its yearly production with a 2013 value of a lot more than $ 7.5 billion which, in accordance to the U.S. Division of Commerce, tends to make BMW the biggest U.S. vehicle exporter to non-NAFTA nations.”

“The BMW Group strives for a excellent stability of development between all markets and continents. The Spartanburg plant is an critical creating block in our global ne2rk of 28 production and assembly amenities in 13 nations right now and tends to make a essential contribution to lucrative, globally balanced

Growth,” mentioned Harald Krüger, BMW’s manufacturing chief.

Considering that manufacturing began 20 years ago, in 1994, the Spartanburg plant has made above 2.6 million vehicles for BMW customers about the planet.

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BMW mentioned Friday it would spend $ one billion to boost manufacturing at its South Carolina assembly plant by 50 percent in the following 2 many years, 1 a lot more signal that the United States has grow to be a aggressive internet site for manufacturing and an eye-catching source for exports.

It will be the fifth growth of the Spartanburg, S.C., plant since BMW initial commenced making cars in the United States 20 many years ago. By 2016, BMW will be in a position to generate up to 450,000 vehicles a 12 months, up from 300,000 at the moment. The investment will include 800 jobs to the internet site, growing the complete workforce to 8,800.

The growth is essential to meet sturdy global demand for BMW’s crossover SUVs, like a new, larger model announced Friday, the BMW X7. Spartanburg presently produces the X3, X5, X6, and the new X4 crossovers. A new plug-in hybrid model of the X5 will be introduced soon.

 “This growth means Spartanburg will have the largest manufacturing capacity of any plant in our global production ne2rk,” said Norbert Reithofer, chairman of the BMW Board of Management. “This plant previously exports, on regular, 70% of its yearly manufacturing with a 2013 worth of much more than $ 7.5 billion which, in accordance to the U.S. Division of Commerce, tends to make BMW the biggest U.S. vehicle exporter to

non-NAFTA countries.”

“The BMW Group strives for a great balance of growth between all markets and continents. The Spartanburg plant is an essential building block in our worldwide ne2rk of 28 production and assembly amenities in 13 nations right now and tends to make a important contribution to worthwhile, globally balanced

Development,” stated Harald Krüger, BMW’s manufacturing chief.

Since manufacturing began 20 years in the past, in 1994, the Spartanburg plant has developed

in excess of 2.6 million vehicles for BMW consumers about the globe.

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