Sep.15 (Reuters) – General Motors Co (GM.N) announced Thursday it will invest $ 491 million in increasing production of steel and aluminum stamped parts for future products, including electric vehicles, at its Marion, Indiana, metal stamping plant .

The investment will be used for the purchase and installation of two new press lines, complete press and die upgrades, refurbishments and an increase in the plant’s floor space by approximately 6,000 square feet.

The manufacturer announced that work on the facility will begin this year.

GM’s Marion Metal Center, which was founded in 1956, produces sheet metal parts for a number of GM factories to support the production of Chevrolet, Buick, GMC and Cadillac vehicles. The center currently employs over 750 people.

Registration Reporting by Nathan Gomes in Bengaluru; Editing by Shinjini Ganguli