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Released September 10, 2018 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Since his election campaign, President Donald Trump has been encouraging U.S. companies to return and grow operations in the U.S. The administration's strategies may be having some effect: Although the federal government reports that U.S. manufacturing jobs were shed in August, 254,000 jobs have been added in the manufacturing sector since the start of the year. In addition, the administration has been negotiating trade deals with Mexico and Canada. Among the largest of the sectors to be affected by these moves is the automotive sector. Earlier this year, China slapped a 40% tariff on U.S.-manufactured autos in response to the Trump administration making billions of dollars of Chinese goods subject to tariffs. How the prospect of a trade war will affect the North American automotive sector is only just beginning to be seen, although companies are making preparations. Industrial Info is tracking nearly $5.5 billion in automotive sector project starts in the U.S., Canada and Mexico from now through the end of the year, including more than $3.8 billion in the U.S.
David Pickering, Industrial Info's vice president of Industrial Manufacturing Industry research, said, "We won't know the effects of the Trump tariffs and such until next year more than likely. There has been a lot of press on it but we have not seen any slowdown in proposed projects as of yet in the automotive sector."
Among the largest of the potential projects is a joint venture plant by Toyota Motor Corporation (NYSE:TM) (Toyota, Japan) and Mazda Motor Corporation (Hiroshima, Japan) in Alabama. The $1.6 billion plant would support 4,000 jobs when completed in Huntsville in 2021. The plant would manufacture Toyota Corollas and Mazda crossover sport utility vehicles (SUVs), producing more than 300,000 vehicles annually. For more information, see Industrial Info's project report.
At the traditional heart of the U.S. automotive sector in Michigan, Fiat Chrysler Automobiles NV (NYSE:FCAU) (Amsterdam, Netherlands) plans to retool and upgrade an existing 3.3 million-square-foot truck assemble plant in Warren. The project involves installing supporting equipment and systems to assemble the new Jeep Wagoneer and Grand Wagoneer, as well as giving it the flexibility to produce the Ram heavy-duty truck. Construction is expected to begin in the fourth quarter and be completed in the first half of 2020. The project has an estimated total investment value (TIV) of $400 million. Commercial Contracting Corporation (Auburn Hills, Michigan) is general contractor. For more information, see Industrial Info's project report.
In Kansas City, Kansas, General Motors Company (NYSE:GM) (Detroit, Michigan) is expanding its Fairfax Assembly Plant. The project involves retooling and installing supporting equipment to produce the new Cadillac XT3. The project is expected to take about a year to complete, with an estimated completion time in late 2019. For more information, see Industrial Info's project report.
In Canada, Toyota plans to expand and retool an existing plant in Woodstock, Ontario, to help support the growing North American thirst for SUVs, specifically the RAV4. Construction is planned to start next quarter and be completed in the summer of 2019. For more information, see Industrial Info's project report.
Mexico also has many automotive projects in the works. In Silao, Guanajuato, Volkswagen AG (Wolfsburg, Germany), as part of a larger expansion in the region, plans to begin the expansion of an engine and engine parts manufacturing plant. The expansion project will double the plant's current output of 350,000 engines to 700,000 units per year. Volkswagen is expected to select a contractor soon. The project is scheduled for completion in the summer of 2019. For more information, see Industrial Info's project report.
Of course, automotive manufacturers are very reliant on their tier suppliers, and Industrial Info is tracking several of these smaller projects as well. In Lexington, Tennessee, Adient US LLC (Plymouth, Michigan) plans to expand its seat parts manufacturing plant. The project will increase manufacturing capacity to support lighter seats and frames to complement the needs of hybrid and electric vehicles as well autonomous vehicles. For more information, see Industrial Info's project report.
Industrial Info's Automotive Industry platform provides comprehensive global information on both the automakers and the tier suppliers who support them. The plant and project databases within this platform provide critical plant-level contact information as well as grassroot, expansion, in-plant capital and maintenance project information.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
David Pickering, Industrial Info's vice president of Industrial Manufacturing Industry research, said, "We won't know the effects of the Trump tariffs and such until next year more than likely. There has been a lot of press on it but we have not seen any slowdown in proposed projects as of yet in the automotive sector."
Among the largest of the potential projects is a joint venture plant by Toyota Motor Corporation (NYSE:TM) (Toyota, Japan) and Mazda Motor Corporation (Hiroshima, Japan) in Alabama. The $1.6 billion plant would support 4,000 jobs when completed in Huntsville in 2021. The plant would manufacture Toyota Corollas and Mazda crossover sport utility vehicles (SUVs), producing more than 300,000 vehicles annually. For more information, see Industrial Info's project report.
At the traditional heart of the U.S. automotive sector in Michigan, Fiat Chrysler Automobiles NV (NYSE:FCAU) (Amsterdam, Netherlands) plans to retool and upgrade an existing 3.3 million-square-foot truck assemble plant in Warren. The project involves installing supporting equipment and systems to assemble the new Jeep Wagoneer and Grand Wagoneer, as well as giving it the flexibility to produce the Ram heavy-duty truck. Construction is expected to begin in the fourth quarter and be completed in the first half of 2020. The project has an estimated total investment value (TIV) of $400 million. Commercial Contracting Corporation (Auburn Hills, Michigan) is general contractor. For more information, see Industrial Info's project report.
In Kansas City, Kansas, General Motors Company (NYSE:GM) (Detroit, Michigan) is expanding its Fairfax Assembly Plant. The project involves retooling and installing supporting equipment to produce the new Cadillac XT3. The project is expected to take about a year to complete, with an estimated completion time in late 2019. For more information, see Industrial Info's project report.
In Canada, Toyota plans to expand and retool an existing plant in Woodstock, Ontario, to help support the growing North American thirst for SUVs, specifically the RAV4. Construction is planned to start next quarter and be completed in the summer of 2019. For more information, see Industrial Info's project report.
Mexico also has many automotive projects in the works. In Silao, Guanajuato, Volkswagen AG (Wolfsburg, Germany), as part of a larger expansion in the region, plans to begin the expansion of an engine and engine parts manufacturing plant. The expansion project will double the plant's current output of 350,000 engines to 700,000 units per year. Volkswagen is expected to select a contractor soon. The project is scheduled for completion in the summer of 2019. For more information, see Industrial Info's project report.
Of course, automotive manufacturers are very reliant on their tier suppliers, and Industrial Info is tracking several of these smaller projects as well. In Lexington, Tennessee, Adient US LLC (Plymouth, Michigan) plans to expand its seat parts manufacturing plant. The project will increase manufacturing capacity to support lighter seats and frames to complement the needs of hybrid and electric vehicles as well autonomous vehicles. For more information, see Industrial Info's project report.
Industrial Info's Automotive Industry platform provides comprehensive global information on both the automakers and the tier suppliers who support them. The plant and project databases within this platform provide critical plant-level contact information as well as grassroot, expansion, in-plant capital and maintenance project information.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
