Chrysler Confirms $178 Million Investment at Sterling Stamping Plant
30 April 1997
Chrysler Confirms $178 Million Investment at Sterling Stamping PlantAUBURN HILLS, Mich., April 29 -- During ground breaking ceremonies at their Sterling Stamping Plant today, Chrysler Corporation confirmed an investment of $178 million for modernization and expansion at its plant in Sterling Heights, Michigan. The investment is part of Chrysler's strategic plan to continually improve productivity and quality. Ground was broken for a 61,200 square foot, $25 million, building addition to the present 2.6 million square foot plant. When completed in 1998, the new building will initially house one large Verson progressive press with multi-stage dies capable of producing finished parts from coil steel. Additionally one large "super blanker" complete with automatic die storage and retrieval will also be installed in the new addition which would facilitate potential future tooling expansion. Modernization in the present plant will take place over the next two years with the addition of two A+Size Schuler transfer presses. This type of press is the largest transfer press in the world. It will also include the addition of one B+Size Verson transfer press along with two 1,000-Ton and one 1,500-Ton Schuler presses. There are 3,420 employees at the Sterling Stamping Plant. SOURCE Chrysler Corporation