# GM to invest $46.8M for upgrades at Parma Metal Center

General Motors announced a $46.8 million investment to upgrade its Parma, Ohio metal stamping facility, focusing on press, metal assembly, and aluminum operations. Installation begins immediately and is expected to be completed by spring 2024.

- Type: Investment
- Announced: 2021-11-04
- Where: Parma, Ohio, United States
- Value: $46.8M
- Starts operating: Q2 2024
- Status: announced
- Products: sheet metal stampings, assemblies
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [General Motors](https://endata.com/companies/4654.md)

## Sources

- [news5cleveland.com](https://www.news5cleveland.com/news/local-news/general-motors-to-invest-46-8-million-for-upgrades-at-parma-metal-center), 2021-11-04: "The update to the aluminum system is huge because it allows us flexibility at the site to run aluminum and separate between steel and aluminum."
- [agmetalminer.com](https://agmetalminer.com/2021/12/09/this-morning-in-metals-gm-to-invest-51m-in-indiana-aluminum-die-casting-foundry/), 2021-12-09: "General Motors is investing $51 million to install new equipment at its aluminum die casting foundry in Bedford, Indiana."

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