American holding company- Navistar International Corporation has reportedly purchased a new property in San Antonio, that comprises of existing buildings which will support functions for its under-construction plan in the area. With this, the company’s total investment in the area will cross USD 275 million and create more than 650 jobs basis local incentive approvals.
Notably, the development in Texas is a part of the firm’s enterprise-wide growth plan- Navistar 4.0. The company’s 900,000-sq.ft. plant that is under construction in San Antonio will manufacture Class 6-8 automobiles, along with the new electric-powered trucks. The added property will help bring resources closer to the production operations.
Persio Lisboa, President and CEO, Navistar was reportedly quoted stating that the company has recently invested in a property in San Antonio because the local and state leaders have designed a business environment that supports the manufacturing innovation needs along with attracting a wide, talented workforce.
Lisboa further added that the new investment in San Antonio supports the Navistar 4.0 growth strategy and is another major step towards allowing the company to develop a competitive advantage in the technology front.
Along similar lines, the new property will also comprise of a truck validation unit that tests and validates the parts of the firm’s electric truck business, along with a truck specialty facility that provides a post-production customization of cars to support the business needs of the clients.
As per Phil Christman, President of Operations, Navistar, the company’s expanded presence in Texas will allow them to provide a space for novel technologies like connected and autonomous vehicles, along with supporting investments in fuel cells and electrification.
For the record, the new property is nearly eight miles from the company’s under-construction unit in San Antonio. The project engineers are responsible for developing and completing the construction of the San Antonio plant and work is expected to begin by June 2021.
This new site will host various hiring and training events for future workers to supplement the launch of production operations at the new San Antonio plant by 2022.