Governor Northam Announces STS Group AG to Establish First U.S. Location in Wythe County, Creating 120 New Jobs
German manufacturer will invest $39 million to locate new facility in Progress Park
RICHMOND, VA (STL.News) Governor Ralph Northam announced that STS Group AG, a leading global system supplier of interior and exterior parts for commercial vehicles, will invest $39 million to establish its first U.S. manufacturing operation in Wythe County’s Progress Park. The new facility, operating as subsidiary STS Group North America, will supply Volvo Trucks in Pulaski County and other truck and automotive facilities throughout the Midwest and Southeastern U.S. markets. Virginia successfully competed with North Carolina for the project, which will create 120 new jobs.
“The presence of STS Group North America in Wythe County will go a long way toward strengthening Virginia’s growing automotive manufacturing sector,” said Governor Northam. “This is just the latest example of an international company selecting our Commonwealth as the ideal location to do business, thanks to our competitive operating costs, world-class workforce, and outstanding quality of life. We thank STS for creating new jobs and investing in Southwest Virginia and look forward to building a strong partnership in the years to come.”
STS Group AG, headquartered in Hallbergmoos, Germany, develops, manufactures, and supplies products and solutions for components made of plastic or composite material (“hard trim products”) for the automobile and trucking industries.