AE Group to invest $50 million in Georgia plant

Manufacturing News, Source : TheManufacturer.com
Published : 14 Jul 2005 20:33

German automotive and aerospace die-casting parts manufacturer AE Group will open its first US manufacturing plant in LaGrange, GA, which will include its North American headquarters.

AE Group plans to create 300 jobs in Georgia over the next five years. The company will initially invest $15 million in the new facility, a 200,000-square-foot manufacturing plant, and will invest $50 million total.

About 80 Georgians will initially be hired the first year to work on a high-pressure aluminum die casting line and a machining line. Construction is slated to begin in August, with a launch date in early 2006.

The company supplies aluminum die-casting parts and components for the automotive and aerospace industries. Its annual sales are $200 million, and its customers include DaimlerChrysler, Porsche, Volkswagen, Audi, BMW, General Motors, Recaro Aircraft, and Dräger Aerospace.

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