Tower Automotive has been awarded new major vehicle structure programmes by two US automakers.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Tower will require a new facility in the southern United States to accommodate a new body structures programme for Ford. The new business will result in a significant amount of incremental revenue that will help fill capacity at several current Tower plants, in addition to the new plant that will open in 2007.
The second award is to supply a large assembly for a different automaker – this will be produced at the company’s existing facility in Plymouth, Michigan.
Capital expenditures were reduced by reusing equipment from another assembly line and producing the new assembly at a plant experienced in building similar parts.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
