BMW Manufacturing Exports $7.4 Billion in Cars from Spartanburg in 2011
Join Date: Dec 2001
Location: Austin, TX
Would you believe that BMW's Spartanburg plant increased exports 68% from 2010 to 2011 and became the leading US automotive exporter? Well, believe it because BMW announced today that the value of passenger vehicles processed through the Port of Charleston increased to $7.8 billion in 2011.
Way to go BMW!
Here is the full press release from BMW
BMW Manufacturing Co. announced today that the export value of its passenger vehicles through the Port of Charleston in 2011 totaled $7.4 Billion, confirming the company’s South Carolina facility as the leading U.S. automotive exporter. According to data from the U.S. Department of Commerce, this accomplishment represents a 68% increase over BMW's 2010 value. In 2011, over 192,000 vehicles were exported from its South Carolina plant.
Mr. Josef Kerscher, President of BMW Manufacturing, stated that “since the plant’s production grew 73% in 2011, the plant’s year-end export value proves the company’s significant contribution to the U.S. balance of trade and strengthens its position as the leading provider of premium vehicles.”
The company currently produces more than 1,000 vehicles each day and is the exclusive exporter of passenger vehicles through the Port of Charleston to more than 130 global markets. In January, the plant announced that its volume would increase to 300,000 for 2012 and they would hire 300 new jobs. By the end of 2014, the South Carolina facility will add a new model, the BMW X4, and increase capacity to 350,000 units.
Governor Nikki Haley applauded the economic success, saying “BMW continues to offer an economic boost for our State and the region. Today’s announcement validates that the U.S. automotive industry is thriving in South Carolina.”
“BMW vehicles manufactured in South Carolina continue to be a major contributor to the Port of Charleston’s overall success,” added Jim Newsome, President & CEO of the South Carolina Ports Authority. “Consistently strong global sales have driven BMW’s volume growth at the port, and we’ve completed significant improvements to Columbus Street Terminal in anticipation of the ever-rising demand for their product.”
“This is an exciting achievement, not only for BMW, but for South Carolina as a whole. It’s been a great journey to witness the revitalization of the manufacturing sector in our State,” said Bobby Hitt, South Carolina Secretary of Commerce.
The plant originally began vehicle production in 1994. In the last 17 years, BMW has produced over two million vehicles and, today, exports about 70% of the BMW X3 and X5 Sports Activity Vehicles as well as the X6 Sports Activity Coupe. In 2010, the plant’s export value was $4.4 Billion.