Gray Construction CEO Stephen Gray Looks to the Future of U.S. Auto Manufacturing
How are changing rules and regulations combined with new materials and systems, plus innovation impacting U.S. automotive manufacturing? What’s more, why are foreign automakers and suppliers betting big on investment in the U.S.? Gray Construction President & CEO Stephen Gray recently addressed these questions and more in his latest Area Development feature.
Over the last few years, the automotive industry has undergone a plethora of changes, providing retailers and manufacturers with a renewed sense of optimism in the opportunities afforded by the industry’s evolving landscape. An improved economic outlook, coupled with technological and material advancements, are leading manufacturers to believe that growth in the sector is unlikely to stall anytime soon.
“Though the industry has changed and is continuing to do so, automotive manufacturing is strong. Our customers, which consist of automakers, assemblers and tiered suppliers, indicate that growth is still very much on the horizon,” Gray said.
Gray continued, “Direct foreign investment into the U.S. is expected to continue and expand for reasons involving energy (both for abundance and cost-effectiveness), the close proximity to the American consumer, the rising costs of international transportation, and the fact that capital investment in America is much less risky than investing in other countries.”
For further insight on why Gray is optimistic about the future of automotive manufacturing, visit Area Development.
Gray Construction, a nationally ranked engineering, architecture and construction firm, has over 55 years of experience in manufacturing, automotive, food and beverage, distribution, hospitality and retail facility construction. Currently, Gray has several large projects that are underway or recently completed including: a Michelin Earthmover tire manufacturing plant in Anderson, S.C.; an automotive exhaust manufacturing facility for Newman Technology, Inc., in Albertville, Ala.; a manufacturing plant for ZF Transmissions in Gray Court, S.C.; and Otsuka Chemical America, Inc.’s first manufacturing facility in the U.S. located in Griffin, Ga.
For more information on Gray Construction, visit www.gray.com.
Related News & Insights
Fatherhood: A View from Some of the Fathers across Gray
Manufacturing, Corporate News
Gray Partner Aurubis Breaks Ground on State-of-the-Art Recycling FacilityJune 16, 2022
Despite Shortages, Semiconductor Industry Expected to Grow 10% in 2022