BMW to expand factory in US
Size matters for BMW; their big factory is getting even bigger.
BMW’s large-scale factory in South Carolina, its biggest factory across the world in fact, will become even larger when a billion dollar expansion is carried out later this year, with the intention of bringing annual capacity to 450,000 vehicles.
Last year, the plant in Spartanburg, South Carolina produced a record 400,904 vehicles – far exceeding that of any of its factories in Germany, BMW said in a statement. “We are very fortunate that, years ago, the company decided to go to the United States and build a plant at a time when everyone was withdrawing,” Ludwig Willisch, CEO of BMW of North America, is quoted as saying. “It was not only a brave move, but it shows how right the move was. It is a big, important footprint for us.” And that is putting it mildly – more than 280,000 of the brands top selling crossovers made in this factory were exported to markets across the world, and the Spartanburg plant singlehandedly reached a revenue of 9.8 billion dollars, “confirming the company’s South Carolina facility as the leading U.S. automotive exporter by value,” the statement said.
The South Carolinian factory has produced an estimated 3.3 million vehicles since its opening in 1994. BMW has invested 6.3 billion dollars in the site and this has ultimately paid off, with the factory having a daily production of about 1,400 vehicles. The plant has more than 8,000 employees and heavily relies on resources from the local area, providing a good economic base in the US state. After the expansion, 800 more jobs will be expected to have been created and the factory will become the sole manufacturer of the brand’s newest X7 vehicle.
BMW’s sales have been rising consistently for some time, and we have previously reported on their stellar 2016 so far, and it is clear that the company are keeping their foot on the ignition heading into the future.