Germany-based automotive interior and exterior part supplier STS Group AG is investing $39 million to establish its first U.S. manufacturing facility near Wytheville, Va.
The plant will bring 120 new jobs to the area. Construction on the new facility, which will operate as STS Group North America, will begin in the third quarter of this year, Chip Vogel, vice president of operations at the new subsidiary told Plastics News in an email.
STS expects construction to be complete at the end of 2022 and production to begin in the first quarter of 2023, Vogel said.