# Punch Powerglide invests €50M in new production line in Strasbourg

Punch Powerglide Strasbourg announced a €50 million investment in a new production line for hybrid vehicle gearbox sub-assemblies at its Strasbourg site, with installation starting in early 2021 and production in 2022.

- Type: Investment
- Announced: 2020-10-13
- Where: Strasbourg, France
- Value: $59.0M (50.0M EUR)
- Starts operating: 2022
- Status: announced
- Products: hybrid vehicle gearbox sub-assemblies
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Punch Powerglide Strasbourg](https://endata.com/companies/28887.md)

## Sources

- [dna.fr](https://www.dna.fr/economie/2020/10/13/strasbourg-punch-investit-50-millions-d-euros-dans-une-nouvelle-ligne-de-production), 2020-10-13: "L'installation des nouveaux moyens d'usinage, d'assemblage et de test doit commencer sur notre site actuel au début de l'année prochaine pour une entrée en production en 2022."

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