BIRMINGHAM, Alabama – Auto supplier Kamtek announced plans today to invest $530 million in an expansion of its Alabama operation that includes opening a new aluminum casting facility to meet automaker demands for lighter parts.
Kamtek, whose parent company is Canada-based Magna International, says the expansion project in Birmingham will add 354 jobs to its current Alabama workforce of more than 900. Kamtek primarily produces stamped parts for Mercedes-Benz and other automakers at its Jefferson County facility.
As part of its latest expansion, Kamtek will invest $80 million in the new, 148,00-square-foot aluminum casting facility and $450 million to expand its existing operation in Birmingham’s Valley East Industrial Park.
