GKN Driveline plans to invest nearly US$179 million to expand its manufacturing facilities in North Carolina, USA. The investment will occur over the next five years and will create 302 jobs.
The investment and new jobs have been added to support growing All-Wheel-Drive and eDrive business for several North American automotive manufacturers. North American All-Wheel-Drive system sales are projected to reach more than three million units annually in 2020, up from approximately 2.4 million in 2015.
‘Our investment in North Carolina is an important step forward for GKN Driveline, our automotive customers and the communities our team members call home,’ said Phil Swash, CEO, GKN Driveline. ‘GKN Driveline is well-positioned to take advantage of car buyer demand for All-Wheel Drive systems and our investment in North Carolina is an important part of our long-term growth strategy.’
This story is reprinted from material from GKN, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.