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
Latin America’s steel industry grapples with declining demand, rising imports
With climbing imports and falling consumption, the Latin American steel industry has had a challenging 2024, according to an Alacero report.
CRU: Trump tariffs could stimulate steel demand
Now that the dust has settled from the US election, as have the immediate reactions in the equity, bond, and commodity markets, this is a prime opportunity to look at how a second Trump presidency might affect the US steel market.
HVAC shipments slip in September but are still trending higher
Following a strong August, total heating and cooling equipment shipments eased in September to a five-month low, according to the latest data from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).
GrafTech Q3 loss widens as electrode demand remains soft
GrafTech International’s third-quarter net loss increased from last year, with the company anticipating continuing weakness in near-term demand for graphite electrodes.
Cliffs forecasts 2025 rebound after Q3’s weakest demand since Covid
The negative impact of high interest rates on consumer behavior, particularly in the automotive and housing sectors, was the primary driver of the demand weakness seen across the third quarter, according to Cleveland-Cliffs executives.