Gestamp announced that it opened its first plant in Japan located in Matsusaka. The new production plant has involved an initial investment of more than 40 million euros (more than 5 billion Japanese Yen). By the end of this year, around 60 people are expected to be employed at the new plant, which could increase as part of an expansion phase if new projects arise in the future. The new facility has a medium Hot Stamping line of 1,200 tons, built by the equipment manufacturer Loire Gestamp, which is part of the Group. The plant will provide full service Hot Stamping capabilities as it also includes laser-cutting cells and shot blasting equipment.
Gestamp Automocion SA is a Spain-based company primarily engaged in the auto parts manufacture. It focuses on the design, development and production of metal components and structure systems for the automotive industry. The Company's products portfolio includes skin panels and closure parts, structural and body components, chassis, bumpers and dashboard crossbeams, among others. The Company's customers include Volkswagen, Renault-Nissan, PSA, Daimler, General Motors and BMW, among others. The Company is a parent of the Gestamp Automocion Group, a group, which comprises a number of subsidiaries with operations established in North and South America, Europe and Asia. The Company is controlled by Acek Desarrollo y Gestion Industrial SL.
GESTAMP AUTOMOCIÓN, S.A. 
