Henderson, N.C.-based Continental Automotive will invest more than $35 million in its head facility and create 40 new jobs over the next five years, according to the company.
Continental supplies brake systems, components for powertrains and chassis, instrumentation, infotainment solutions, vehicle electronics and tires. The driving force behind the investment in the Henderson facility is increased production demand for the company’s new electronic integrated parking brake (e-IPB), which is being produced in collaboration with Continental’s Germany facility, according to the company.
The $35 million investment will include the construction of approximately 88,000 additional square feet of production and warehouse space, as well as the acquisition and installation of new production equipment, according to Continental.
“With this investment, we will be able to increase our current volume to support a growing market, improve our manufacturing processes and prepare for additional production demand in the future,” said Jeff Scott, plant manager of the Henderson facility.
The 250,000 square-foot manufacturing facility employs more than 600 and produces brake calipers for cars and light trucks.
The plant produced 7 million brake calipers in 2012 and is estimated to jump to nearly 9 million in 2013. Positive growth is expected to continue through 2014 and beyond, according to the company.
“We currently equip 60,000 vehicles with our calipers each week and have nearly doubled our workforce over the past three years, which is a success in itself,” Scott said.