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Gestamp and Severstal announced a major expansion of the plant in Kaluga

 major expansion of the plant in Kaluga

9.18.2013

Gestamp Company, a world leader in the field of design, development and manufacture of metal components and structural systems for the automotive industry, has finished an expansion of its plant in Kaluga located in Russia. Since its opening in 2010 the investments made into it have amounted to 180 million euro, which is equal to 8 billion rubles.

On the 18th of September they plan to arrange a solemn meeting at the Ambassador Hotel in Kaluga, that will be attended by the Governor of Kaluga region, Anatoly Artamonov, president and CEO of Gestamp, Francisco Riberas, management of Severstal (with which Gestamp has two joint ventures in Russia), as well as representatives of the Embassy and Chamber of Trade and Commerce of Spain in Russia. As part of this meeting they are going to announce the details of expansion of the plant Gestamp-Severstal-Kaluga (GSK) which implies an increase of its current area by 21,670 square meters, so the total area of the plant will be 55,655 square meters.

The investment in the plant of Kaluga allowed to implement two new lines of large stamping (type G1 or tandem) which will increase production capacity of the plant Gestamp Severstal Kaluga by 66%.

According to Francisco Riberas, president and CEO of Gestamp, “when we opened our first plant in Russia in 2009, we were pioneers in betting on huge potential of this country and we didn’t make a mistake. Expansion of the plant in Kaluga represents of new phase of our development in Russia, where we have consolidated local teams, major client base and the most advanced technology available in the world. GSK will soon become one of the biggest plants of Gestamp worldwide, in which we are very pleased to have a partner like Severstal”.

Sergey Toropov, CEO of Severstal Russian Steel, commented:

“Strong demand from the automotive industry has driven the need to expand Gestamp-Severstal Kaluga’s production capacity. It is also an indication of the successful partnership between Severstal and Gestamp Automocion. This expansion will make Gestamp-Severstal-Kaluga a major supplier of body stamping products for five of Volkswagen Group’s car models made in Russia and is another step in Gestamp-Severstal Kaluga’s strategic objective of being a leading supplier to the automotive industry in the region with the ability to meet its customers’ growing needs.”

Gestamp-Severstal-Kaluga started production in June, 2010. During construction of the plant a tunnel was created connecting GSK directly with the neighboring plant of Volkswagen. At the moment about 400 people are working at the plant. Expansion of GSK will allow increasing the number of working places by approximately 15%.