Approximately $8 million has been invested in the new expansion
Spartan Light Metal Products Plant Manager Ted Waltemate, CEO Donald Jubel, Mexico Mayor Dan Botts and Manager of Business Development with the Missouri Department of Economic Development Terry Maglich were present for the ceremonial groundbreaking of the new Spartan expansion project, Aug. 22.
Overall, approximately $8 million has been invested in the new facility. Including equipment and machinery, the project will cost approximately $17 million.
The approximate 58,000 square-foot Spartan project will complete the westward expansion of manufacturing space at the Mexico location. Die casting, machining and assembly will take place in the new facility.
Die casting is the process of forcing molten metal into a mold cavity under high pressure. The expansion will provide the infrastructure for five additional die cast cells. There are currently 14. The new structure will also allow for larger machines to produce more complex, larger parts for Spartan's customers.
Spartan is also expanding the employee facilities by approximately 10,000-square-feet, including break and locker rooms. Improvements will also be made to the lunch room, lab and office space.
The new facility will be used to manufacture parts for Toyota, beginning in 2017. The expansion is largely due to growth with Toyota as a customer.
Jubel said he expects Spartan to experience an approximate 50 percent growth in the near future, due to regains in the auto industry, following the financial crisis of 2008. In terms of revenue, Spartan has currently surpassed the company's pre-recession levels.