# Gestamp opens new hot stamping plant in Betim, Brazil

Gestamp has set up a new hot stamping plant in Betim, Minas Gerais, Brazil, with an investment of €24.9 million. The plant will supply parts for Fiat Chrysler Automobile and will employ 82 people by the end of 2017.

- Type: New facility
- Announced: 2017-04-24
- Where: Betim, Minas Gerais, Brazil, Brazil
- Value: $27.4M (24.9M EUR)
- Jobs: 82
- Starts operating: Q2 2017
- Status: under construction
- Products: hot stamped metal components, structural and body parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Gestamp](https://endata.com/companies/16876.md)
- [Fiat Chrysler Automobile](https://endata.com/companies/23774.md) (customer)

## Sources

- [just-auto.com](https://www.just-auto.com/news/gestamp-to-open-seventh-plant-in-brazil/), 2017-04-24: "Our commitment to the country remains intact and our presence in Brazil through plants currently in operation, and the new one that we are announcing now, will allow the company to grow in anticipation of the country's economic recovery."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.