Company to invest a further $900 million
Around 300 new jobs for Spartanburg
Two-millionth vehicle rolls off the assembly line
Arndt announces X-model family expansion with BMW X4.
Spartanburg/Munich. The BMW Group is expanding capacity at its U.S. plant in Spartanburg. “We plan to invest over the next three years nearly $900 million in the Spartanburg plant by 2014. This will create 300 new jobs by the end of this year. This will allow us to produce 350,000 units in Spartanburg in the midterm,” says Frank-Peter Arndt, member of the Board of Management of BMW AG, responsible for Production, in Spartanburg on Thursday. The BMW Group already invested $750 million in the expansion of the plant for production of the new BMW X3 between 2008 and 2010.
“This is in response to rising global demand for our BMW X models and the expansion of the BMW X family to include the BMW X4,” Arndt explained at a ceremony to celebrate production of the two-millionth vehicle at the BMW plant in South Carolina since 1994. The move will bring the BMW Group’s total investment in South Carolina to nearly $6 billion.
The Governor of the State of South Carolina, Nikki Haley, spoke at the ceremony, saying: “BMW has once again provided tremendous evidence that South Carolina is a blueprint for significant economic development success. The partnership between this company and our State is an enduring example of how to attract, retain and grow business to stimulate perpetual job creation.”
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Posted: January 12, 2012, 8:43 pm
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