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.”

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

VSTEP Wins Mexican Navy Simulator Contract

The Mexican Navy selected VSTEP to supply a Class A NAUTIS Full Mission Bridge (FMB) Simulator and 24 NAUTIS desktop trainer stations for the Naval Academy in Veracruz.

Update: U.S. to Seize Kurdish Oil from Tanker off Texas

U.S. authorities are set to seize a cargo of oil from Iraqi Kurdistan anchored off the Texas coast after a judge approved a request from Baghdad, raising the stakes

S.Korea Ferry Boss's Driver Turns Self In

The driver of a South Korean businessman wanted over the sinking of a ferry that killed 304 people turned himself in on Tuesday, potentially unlocking the mystery

Finance

Private Equity Drives New Ship Buys

Ship Registries are an excellent bellwether of industry health and trends, and when Maritime Reporter & Engineering News sought answers to some topical questions,

Floating Production: $1.2b Speculative FLNG Ordered

The floating production business continues to be very strong, particularly in the LNG gas processing sector.  Last month saw a speculatively ordered floating liquefaction plant – a $1.

Update: U.S. to Seize Kurdish Oil from Tanker off Texas

U.S. authorities are set to seize a cargo of oil from Iraqi Kurdistan anchored off the Texas coast after a judge approved a request from Baghdad, raising the stakes

News

200th Airbus A320 Shipset Loaded for China

The 200th shipset for Airbus’s A-320 final assembly line (FAL) in Tianjin, China, was loaded on to the containership COSCO Hope at HHLA’s Container Terminal Tollerort

Private Equity Drives New Ship Buys

Ship Registries are an excellent bellwether of industry health and trends, and when Maritime Reporter & Engineering News sought answers to some topical questions,

VSTEP Wins Mexican Navy Simulator Contract

The Mexican Navy selected VSTEP to supply a Class A NAUTIS Full Mission Bridge (FMB) Simulator and 24 NAUTIS desktop trainer stations for the Naval Academy in Veracruz.

Marine Equipment

200th Airbus A320 Shipset Loaded for China

The 200th shipset for Airbus’s A-320 final assembly line (FAL) in Tianjin, China, was loaded on to the containership COSCO Hope at HHLA’s Container Terminal Tollerort

MTN Lands Cruise Line SatCom Contracts

MTN Communications (MTN) says that three cruise operators around the world have selected the company for its passenger, crew, corporate communications and content services.

Cummins Reports Revenue Jump in Q2 2014

Cummins Inc. reported its results for the second quarter of 2014. According to the report, second quarter revenue of $4.8 billion increased 7 percent from the same quarter in 2013.

Electronics

VSTEP Wins Mexican Navy Simulator Contract

The Mexican Navy selected VSTEP to supply a Class A NAUTIS Full Mission Bridge (FMB) Simulator and 24 NAUTIS desktop trainer stations for the Naval Academy in Veracruz.

Raytheon Anschütz Debuts ShipGuard at SMM

In view of an increasing demand for security of merchant ships and maritime trade, Raytheon Anschütz, a German-based manufacturer of Integrated Bridge Systems,

More VDR Orders for Danelec in China

Danelec Marine has received orders to supply Voyage Data Recorders (VDRs) and Electronic Chart Display and Information Systems (ECDIS) for 18 offshore support vessels in China.

 
 
Maritime Careers / Shipboard Positions Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1493 sec (7 req/sec)