American heavy duty truck maker Autocar has unveiled its plans to set up a new production facility in Colorado, US.
The factory located in both Center Point and Birmingham will be constructed with an investment of $120m, and will produce heavy-duty cab-over-engine trucks. The project is likely to create 746 jobs during the construction phase.
Once operational, the new factory will generate $645.1m in economic impact per annum, which includes nearly $229m annual contribution to Alabama’s GDP and $130.1m in earnings to Alabama households from 2,655 direct and indirect jobs.
Alabama governor Kay Ivey said that Autocar’s new factory in Birmingham marks the state’s fourth major automotive OEM assembly plant and one that will bring a new dimension to Alabama’s strong automotive sector, which is already home to Mercedes-Benz, Honda, Hyundai, Toyota and numerous suppliers.
“Alabama is a powerhouse in automotive manufacturing, and Autocar’s new heavy-duty truck assembly operation in Birmingham will add a new dimension to the state’s activities in this vital sector,” governor Ivey added.