American Axle & Manufacturing Holdings, Inc : AAM Invests More Than $100
Million in Michigan
New Business Triggers Investments at Three Rivers Manufacturing Facility and
More than 500 New Jobs
Detroit, Michigan, February 1, 2013 - American Axle & Manufacturing Holdings,
Inc. (AAM), which is traded as AXL on the NYSE, announced today that it is
investing more than $100 million in its Three Rivers Manufacturing Facility
located in Three Rivers, Michigan. The investment, which will be completed by
December 2013, is expected to create more than 500 new jobs while further
diversifying AAM's product portfolio and customer base in North America.
The investment represents the installation of new production lines, multiple
assembly stations, paint line modifications, additional shipping and receiving
capacity and upgrades to the facility's business offices and lobby. To
complete the project, AAM has sourced millions of dollars of business to
Michigan-based companies, and in turn, is positively impacting multiple
communities in the state.
"Last fall, we announced that AAM would be bringing new business to Michigan,"
said AAM President & Chief Executive Officer David C. Dauch. "For the past two
years, we have been preparing the Three Rivers Manufacturing Facility for this
new business launch. Now, we are in a growth mode and hiring hundreds of
associates. This is exciting news for the State of Michigan, the City of Three
Rivers and for AAM."
AAM's Growth in the State of Michigan
In 2012 alone, AAM invested more than $50 million and created nearly 300 new
jobs in the State of Michigan. This investment represents technologically
advanced machining equipment, R&D laboratory equipment, IT infrastructure
upgrades and more. Anchored by its global headquarters in the City of Detroit,
AAM operates a total of seven facilities in Michigan.
"AAM will continue to make investments in Michigan, North America and regions
across the globe where we are privileged to do business," added Dauch.
Three Rivers, Michigan Growth
AAM is conducting a job fair for manufacturing facility positions on Saturday,
February 16, 2013 from 9 a.m. to 1 p.m. at the Kalamazoo County Michigan
Works! Service Center located at 1601 South Burdick Street in Kalamazoo,
Michigan. To find out more information on the job fair, or to submit an
application online prior to the event, visit the careers page at www.aam.com.
AAM is a world leader in the manufacture, engineering, design and validation
of driveline and drivetrain systems and related components and modules,
chassis systems and metal-formed products for light trucks, sport utility
vehicles, passenger cars, crossover vehicles and commercial vehicles. In
addition to locations in the United States (Michigan, Ohio, Pennsylvania and
Indiana), AAM also has offices or facilities in Brazil, China, Germany, India,
Japan, Luxembourg, Mexico, Poland, Scotland, South Korea, Sweden and Thailand.
For more information...
Christopher M. Son
Director Investor Relations,
Corporate Communications & Marketing
Or visit the AAM website at www.aam.com.
This announcement is distributed by Thomson Reuters on behalf of Thomson
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information contained therein.
Source: American Axle & Manufacturing Holdings, Inc via Thomson Reuters ONE
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