|Saturday, 2 February 2013, 08:00 HKT|
Source: American Axle & Manufacturing Holdings, Inc.
|New Business Triggers Investments at Three Rivers Manufacturing Facility and More than 500 New Jobs|
Detroit, Michigan, Feb 2, 2013 - (ACN Newswire) - American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, announced today that it is investing more than $100 million in its Three Rivers Manufacturing Facility located in Three Rivers, Michigan. The investment, which will be completed by December 2013, is expected to create more than 500 new jobs while further diversifying AAM's product portfolio and customer base in North America.
The investment represents the installation of new production lines, multiple assembly stations, paint line modifications, additional shipping and receiving capacity and upgrades to the facility's business offices and lobby. To complete the project, AAM has sourced millions of dollars of business to Michigan-based companies, and in turn, is positively impacting multiple communities in the state.
"Last fall, we announced that AAM would be bringing new business to Michigan," said AAM President & Chief Executive Officer David C. Dauch. "For the past two years, we have been preparing the Three Rivers Manufacturing Facility for this new business launch. Now, we are in a growth mode and hiring hundreds of associates. This is exciting news for the State of Michigan, the City of Three Rivers and for AAM."
AAM's Growth in the State of Michigan
In 2012 alone, AAM invested more than $50 million and created nearly 300 new jobs in the State of Michigan. This investment represents technologically advanced machining equipment, R&D laboratory equipment, IT infrastructure upgrades and more. Anchored by its global headquarters in the City of Detroit, AAM operates a total of seven facilities in Michigan.
"AAM will continue to make investments in Michigan, North America and regions across the globe where we are privileged to do business," added Dauch.
Three Rivers, Michigan Growth
AAM is conducting a job fair for manufacturing facility positions on Saturday, February 16, 2013 from 9 a.m. to 1 p.m. at the Kalamazoo County Michigan Works! Service Center located at 1601 South Burdick Street in Kalamazoo, Michigan. To find out more information on the job fair, or to submit an application online prior to the event, visit the careers page at www.aam.com.
AAM is a world leader in the manufacture, engineering, design and validation of driveline and drivetrain systems and related components and modules, chassis systems and metal-formed products for light trucks, sport utility vehicles, passenger cars, crossover vehicles and commercial vehicles. In addition to locations in the United States (Michigan, Ohio, Pennsylvania and Indiana), AAM also has offices or facilities in Brazil, China, Germany, India, Japan, Luxembourg, Mexico, Poland, Scotland, South Korea, Sweden and Thailand.
For more information...
Christopher M. Son
Director Investor Relations,
Corporate Communications & Marketing
Or visit the AAM website at www.aam.com .
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Source: American Axle & Manufacturing Holdings, Inc via Thomson Reuters ONE
Topic: Press release summary
From the Asia Corporate News Network
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