WEG Electric to Expand Capacity in Mexico, China

MarineElectronics.com
Thursday, October 31, 2013

WEG Electric announced investments of $345 million over the next five years for the expansion and increased production in both Mexico and China.

The existing manufacturing complex in Mexico will benefit from expanded production capacity as well as increased vertical integration, making it similar to WEG’s largest industrial complex in Jaraguá do Sul, Brazil. The expansion will include the construction of a complete cast iron foundry that will be capable of supplying all the needs for cast iron components in all industrial electric motor frame sizes manufactured in Mexico and delivered to North American markets. The total investment  in MExico is expected to be close to $210 million over the next five years.

In China, WEG will build a new industrial electric motor manufacturing plant in Rugao, which is the technological and industrial development zone 65km away from Nantong and 180km away from Shanghai. In addition to this investment, WEG will expand the current Nantong plant. In China, investments will total nearly $135 million through the year 2020. Both of these plants aim to help the company meet the increased demand of the Asian Market.

Siegfried Kreutzfeld, WEG Motors Managing Director states, said, “These investments are essential for WEG’s future market share growth in the two largest global markets for electric machines, North America and China.” Kreutzfeld stresses “These investments will allow WEG to have continuous growth with high-technology products that are properly customized to meet our customer demands in all the worldwide markets we cover.”

WEG is not new to overseas manufacturing since it started in 2000 with the operation in Mexico and then in 2004 with the acquisition of the Nantong, China factory. Kreutzfeld said “WEG Electric is a much different company from ten years ago since almost 15% of all revenues are received from overseas manufacturing plants. Having production plants closer to our customers brings added advantages and allows us to grow faster.”


People & Company News

MobileOps Pursuing Maritime Business

Redmond, Wash. based MobileOps, Inc., a software company specializing in the design and development of maritime software applications (dispatch, safety, compliance,

Half a Century at Sea

Siegfried Schmerer already dreamed of becoming a captain as a young boy. Later, as a sailor on a coaster, he suffered from seasickness. Though he thought about giving up,

MN100: Shock Mitigation

The Company: The company provides marine organizations, boat builders and equipment manufacturers with relevant subject matter expertise plus an independent overview

Finance

California: A Strong Shipbuilding State

Fifth in the nation for direct employment, California shipbuilding and repair industry supports nearly 35,000 jobs; Maritime Administrator highlights economic importance

Advent Hires Banks to Sell Control of Brazil Port

Buyout firm Advent International Corp has hired Morgan Stanley & Co and Grupo BTG Pactual SA to advise on the sale of a controlling stake in TCP Terminal de Contêineres de Paranaguá SA,

SUNY Maritime Among 'Best Bang for the Buck' Colleges

SUNY Maritime College has been named one of the best colleges for its price by Washington Monthly.   SUNY Maritime placed in the top 30 schools in the Northeast.

News

NASSCO Christens LNG-ready Tanker Constitution

On Saturday, August 27, shipbuilders at General Dynamics NASSCO celebrated the christening and launch of the Constitution, the sixth ship in a series of eight eco-friendly

GoM Operators Evacuating Ahead of Storm

Offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs in the path of Tropical Depression No. 9.   The Bureau of Safety and Environmental

White House Sees a Path to Approval of Pacific Trade Deal

The White House on Monday said it was hopeful it could win congressional approval of the Trans-Pacific Partnership trade pact before President Barack Obama leaves office,

Marine Equipment

MN100: SENNEBOGEN LLC

The Company: SENNEBOGEN has been a leading name in global material handling for over 60 years. Stanley, North Carolina-based SENNEBOGEN LLC offers a complete range

Schwarze-Robitec Offers Efficiency in Shipbuilding

Cruise ships, freighters or yachts require complex supply systems on board to  be able to travel long distances in the open sea. For the supply of oil and gas, for example,

MN100: Cummins Marine, Inc.

The Company: Cummins, Inc. is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems,

Electronics

MobileOps Pursuing Maritime Business

Redmond, Wash. based MobileOps, Inc., a software company specializing in the design and development of maritime software applications (dispatch, safety, compliance,

MN100: BlueTide Communications

The Company: BlueTide is a leader in the provisioning, implementation, monitoring and support of satellite equipment. Combining the power of HUGHES proprietary

Transas to Unveil the ‘Future of Maritime Operations’

Today's maritime industry requires realistic solutions and concepts for a modern, integrated operational infrastructure that delivers a sustainable, viable future,

 
 
Maritime Contracts Maritime Standards Offshore Oil Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1316 sec (8 req/sec)