# Gestamp to invest $94.7M expanding Chattanooga operations

Gestamp will invest $94.7 million to expand operations at its two Chattanooga plants, creating 260 new jobs over five years. The expansion adds capacity for new electric vehicle production and includes retrofitting, weld assembly, and robotics updates.

- Type: Expansion
- Announced: 2020-11-25
- Where: Chattanooga, Tennessee, United States
- Value: $94.7M
- Jobs: 260
- Status: announced
- Products: structural metal stampings, welded assemblies
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Gestamp](https://endata.com/companies/16876.md)

## Sources

- [tn.gov](https://www.tn.gov/ecd/news/2020/11/25/governor-lee--commissioner-rolfe-announce-gestamp-to-expand-chattanooga-operations.html), 2020-11-25: "Gestamp is proud of continuing to grow our operations in Chattanooga with a third expansion that will enable us to better serve our customers in the US Region and further create jobs to live up to our commitment to the Tennessean workforce development."
- [tnecd.com](https://tnecd.com/news/governor-lee-commissioner-rolfe-announce-gestamp-to-expand-chattanooga-operations/), 2020-11-25: "Gestamp will invest $94.7 million to expand operations at its Hickory Valley Road and Ferdinand Piech Way plants."
- [tvasites.com](https://tvasites.com/media-center/gestamp-plans-to-expand-its-chattanooga-tennessee-operations/), 2020-11-30: "Gestamp, a leading automotive OEM supplier, announced plans to expand its Chattanooga, Tennessee operations."
- [autonews.com](https://www.autonews.com/suppliers/gestamp-refits-chattanooga-ev-push/), 2020-12-21: "Gestamp is spending $94.7 million to expand its two Chattanooga plants."

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