Spain’s Gestamp to expand in Japan with new hot stamping line

Tuesday, 07 June 2022 11:37:25 (GMT+3)   |   Istanbul
       

Spain-based automotive component producer Gestamp has announced that its subsidiary Gestamp Hotstamping Japan has decided to expand by building a new hot stamping line at its Matsusaka plant. The project will start in mid-June 2022 and will be finished in June 2023.

The new line will meet the increasing demand for parts from Japanese automobile manufacturers. The hot stamping line that will combine a large press with an environmentally-friendly electric furnace will enable Gestamp Hotstamping Japan to supply automotive manufacturers with one-piece, high-strength, lightweight parts, contributing to the Japanese automotive industry’s accelerating shift to electric vehicles.


Similar articles

Toyota increases September-November output forecast

12 Aug | Steel News

Toyota's global vehicle output and sales down in H1 amid semiconductor shortages

01 Aug | Steel News

Toyota cuts August output forecast by 150,000 units

20 Jul | Steel News

Toyota cuts July output forecast by 50,000 units

23 Jun | Steel News

Toyota cuts June output forecast by further 40,000 units

17 Jun | Steel News

Japanese auto output down 13.3 percent in Jan-Mar

03 Jun | Steel News

Toyota cuts June output forecast by 100,000 units

24 May | Steel News

Toyota cuts May output forecast by 50,000 units amid lockdown in Shanghai

13 May | Steel News

Toyota's global vehicle output up 2.8 percent in March

27 Apr | Steel News

Toyota cuts April output forecast by 150,000 units

18 Mar | Steel News