Global MFG - Dec 9, 2019
ASSEMBLY Capital Spending Report 2019: Manufacturers Continue to Invest in TechnologyJohn Sprovieri | Assembly Magazine
ASSEMBLY Capital Spending Report 2019: Manufacturers Continue to Invest in Technology
In September, Toyota announced that it will invest $391 million in its truck assembly plant in San Antonio. Hyundai announced that it is investing nearly $300 million in its factory in Montgomery, AL. Brake manufacturer Bendix Spicer began construction on a $65 million expansion of its assembly plant Bowling Green, KY. And, automotive supplier Hirotec Group said it will invest $48 million to build a new assembly plant in Fayetteville, TN.
If you’re keeping score, that’s $805 million in capital investment from just four companies, in one month, in one industry, in one region of the country.