Leading global automotive supplier Continental will invest more than $113 million at its Seguin, Texas, manufacturing plant to add new automotive sensor production.
This investment will mean the Seguin facility will be the first outside of Asia and Europe to manufacture these components, and will create approximately 300 full-time jobs over the next five years.
Continental senior vice president of NAFTA powertrain division Kregg Wiggins said the investment would not have been possible without the strong support of and collaboration with the state of Texas, Seguin Economic Development Corporation, City of Seguin and Guadalupe County officials.
The company will use its existing facility space to add the production, including the purchase of new equipment, facility renovations and building of a clean room within the Seguin facility.
Germany-based Continental also operates facilities in Houston and Uvalde, Texas, it has generated $26bn in revenue last year.