SAN ANTONIO -- Navistar, a leading maker of commercial trucks and buses, announced it will be making a capital investment of more than $250 million to build a new manufacturing facility in San Antonio.
- Will bring approximately 600 jobs
- Plant will have flexibility to build Class 6-8 vehicles
- Breaking ground later this year
The investment, which is contingent on finalization of various incentive packages, will bring approximately 600 jobs to the Alamo City.
The new manufacturing plant will have the flexibility to build Class 6-8 vehicles.
The Texas site is located on a critical corridor, along Interstate 35, which links Navistar’s southern United States and Mexico supply bases, allowing for significant logistic improvements, resulting in lower cost and enhanced profitability.
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“This investment by Navistar is paramount to Texas’ success in growing our diverse and highly skilled manufacturing workforce,” said Texas Gov. Greg Abbott. “The Lone Star State is the new frontier in innovation and I am confident that this partnership will usher in even greater economic prosperity for our state.”
Navistar plans to break ground on the property later this year and anticipates production to begin approximately 24 months after.
“The County has, for many years, been touting the strength of our Texas-Mexico region as a platform for vehicle production,” said Bexar County Judge Nelson Wolff. “Navistar’s decision to locate their newest facility here is just the latest affirmation that our community is uniquely situated to host world-class companies in advanced manufacturing industries. We are thrilled to have them in Bexar County.”
The manufacturing industry currently has a $40 billion annual economic impact on the San Antonio region. With these recent announcements, this number is expected to grow. In particular, the economic impact of the Navistar facility is projected at $5.6 billion over 10 years.
"San Antonio is winning,” said Mayor Ron Nirenberg. “And we are committed to creating even more opportunity for every citizen to win too. Navistar is one of the world’s most innovative companies and we share a vision for the future of our region.”