Industrial equipment supplier Industrial Equipment Supply Chain Group, Inc. (ISG) is expanding its business to the automotive and powertrain sectors by creating Automated Vehicles (AVs).
ISG plans to build an automated vehicle assembly plant that will make the vehicles and support facilities.
ISG announced the expansion at a symposium hosted by the Society of Automotive Engineers.
The company, which also makes automated parts for car dealerships, says the facility will create 100 jobs in the automotive sector and 2,000 in the powertrain industry.
The expansion is part of an ongoing expansion effort, ISG said.
It plans to add 500 jobs in automotive production in 2020 and another 3,500 in the next five years, ISg says.
ISg is investing $3.8 billion in new manufacturing facilities, the company says.
In addition to the plant, ISGs goal is to have an automated assembly line and a fully automated test lab within its production facility by 2021.
The company says the new facility will help meet ISG’s goals of increasing production from 500,000 units per year to 500,0000 units by 2022.
ISGs expansion is in addition to another $3 billion in investment it plans to make in 2018 to 2020 to help build out its business in the U.S. and Europe.
ISGs announcement came after another big automaker, Ford, said last month it is adding 300 new jobs to its North American assembly plants.
