Automaker to invest $100 million in plant
BMW plans to invest another $100 million in its Spartanburg County plant with intent to focus on export operations and the X3 SKD program.
The funds will reportedly be used to streamline its export operation from the plant and launch its new X3 Semi-Knocked Down (SKD) program. Under the SKD program, the company will ship 4,000 painted X3 body shells for assembly in emerging markets worldwide.
The plant, which is the production hub for BMW's X model Sports Activity Vehicles, is also expected to increase output by 51% this year to 240,000 vehicles.
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- Edited by Amanda McLeman, Plant Engineering, www.plantengineering.com
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey