Steel Markets

General Motors Commits $552 Million to U.S. Operations
Written by Sandy Williams
December 15, 2016
General Motors announced it will invest $552 million in key U.S. manufacturing facilities in New York and Ohio.
The New York manufacturing facilities Tonawanda Engine, Lockport and Rochester will receive a total of $333.66 million. The Parma Metal Center in Ohio is slated for a $218 million investment.
“GM remains committed to investing in its U.S. operations,” said GMNA Manufacturing and Labor Relations Vice President Cathy Clegg. “With these latest projects we have announced investments of $2.2 billion in 2016, allowing us to support the production of future engines and vehicles.”
UAW GM Vice President Cindy Estrada, “The UAW’s negotiations with GM to reinvest in the Tonawanda, Rochester, Lockport and Parma plants have paid off not only for our members but also for those communities. Our strategic bargaining efforts will keep and grow great American auto manufacturing jobs in places that have seen too much manufacturing disappear and will solidify the job security our members deserve.”
The breakdown for investment and jobs retained or added is as follows:
New York: $333.66 million:
Tonawanda Engine – $295.9 million for future engine production
857 retained and 67 new jobs
Lockport – $31.86 million for components
320 retained jobs (incl. 13 salaried)
Rochester – $5.9 million components
20 retained jobs
Ohio: $218 million:
Parma Metal Center – $218 million for new presses, dies and sub-assemblies
140 retained jobs
About the facilities:
The Parma Metal Center, a metal stamping and assembly facility, processes over 1,000 tons of steel per day and can produce up to 100 million parts per year supporting the majority of the GM North America produced vehicles.
Tonawanda Engine, in Buffalo, NY, produces engines for GM vehicles and has 1,459 hourly and 225 salaried employees.
Lockport and Rochester, located in New York, produce a variety of automotive components. Lockport employs 1,183 hourly workers and 215 salaried and Rochester employs 866 hourly and 195 salaried workers.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Markets

HVAC equipment shipments slow in December but strong annually
Shipments of heating and cooling equipment in the US fell to an 11-month low in December, according to the latest data released by the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).

Apparent steel supply rebounds in December, but 2024 total at 4-year low
Apparent US steel supply rebounded in December, but 2024 was still the lowest level for supply since 2020.

Trump officially orders sweeping 25% tariff on steel, aluminum
The new version of Section 232 goes into effect on 12:01 am ET on March 12, according to the executive order. The latest iteration of Section 232 removed quotas, exemptions, and other carve outs that had accumulated over years.

Tampa Steel Conference: Two weeks to go!
With just two weeks to go, we have over 400 registered so far for the 36th annual Tampa Steel Conference. Join us and hundreds of industry executives at the JW Marriott Tampa Water Street from Sunday, February 2, through Tuesday, February 4.

Galvanized buyers see glimmers of optimism amidst the chaos
Reflecting on 2024 and looking ahead to the new year, galvanized steel buyers on this month’s HARDI call expressed a mix of cautious optimism with lingering uncertainties.