Automotive supplier to consolidate operations in Newport News, creating 318 jobs
- December 15, 2008
An automotive supplier announced Monday it will move its South Carolina manufacturing operations to its Newport News site, creating 318 new jobs.
Continental AG’s $194 million investment will combine manufacturing of its diesel and gasoline fuel injectors at one location. The company also will expand its current gasoline fuel injector business.
“This consolidation project is tremendous news for Virginia,” Gov. Timothy M. Kaine said in a statement. “Valuable jobs could have been transferred out of state and not only did we retain more than 500 positions, we will gain an additional 318 employment opportunities. The infrastructure in place in Newport News fit Continental’s needs and the trained work force in the region put the commonwealth in the lead.”
Kaine approved $3 million from the Governor’s Opportunity Fund to help Newport News with the project. Kaine also approved two $1.5 million grants for the company, one for the additional jobs and one for expanding its current Newport News business.
“Continental appreciates the assistance and cooperation of the City of Newport News and the Governor’s office to help make our expansion of the Newport News facility a reality during tough economic times,” said Kregg Wiggins, senior vice president of Powertain, Continental Automotive Group - NAFTA region, in a statement “As a direct result in gaining these manufacturing efficiencies, we look forward to maintaining our position as a strong global supplier, producing high quality, cost effective products for our customers.”