STS Group AG, a global systems supplier for the automotive industry, is opening its first production site in the United States in the former General Electric plant in the city of Salem in the US state of Virginia. The Company is thus creating 119 new jobs in the region. The first prototypes will roll off the production line before the end of 2023, with series production ramping up in January 2024.|
The plant will be operated as a subsidiary of STS Group North America and will strengthen the region's position as a center for automotive manufacturing. The new plant will supply Volvo Trucks' truck assembly operations in Pulaski County as well as other truck and automotive plants throughout the Midwest and Southeast.
Alberto Buniato, CEO of STS Group AG: "I am very pleased that we have brought this project to its final stage with the local support of Adler Pelzer. Overall, the expansion of the North American business is and remains highly relevant for STS Group. Salem is an ideal location for STS Group to expand its footprint in the U.S., to serve existing customers locally and to broaden its customer portfolio. With the new production site, our project is entering its final phase. This will enable us to generate further growth in the region. We are not using a new building for this, but are rededicating an existing plant. This saves time and money, ensures easier control and better stability of the start-up."
About STS Group
STS Group AG (“STS”) is a system supplier to the automotive industry. It employs more than 1,500 people worldwide and generated sales of 242.0 mEuro in the financial year 2021. STS Group produces and develops at its twelve plants and three development centers in France, Germany, Mexico, China and, in the future, also in the USA plastic injection moulding and components made of composite materials (Sheet Molding Compound – SMC), such as solid and flexible vehicle and aerodynamic trim, entire interior systems, as well as lightweight construction and battery components for electric vehicles. STS is considered a technology leader in the manufacture of plastic injection moulding and components made of composite materials. The customer portfolio comprises leading international manufacturers of commercial vehicles, passenger cars and electric vehicles.
More information: www.sts.group
STS Group AG, Hagen, Germany
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