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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Costa Concordia Captain's Sentence Upheld

The prison sentence against the former captain of the Costa Concordia cruise liner for his role in the deadly 2012 shipwreck was upheld on Tuesday by an Italian court.

Partners Target Improved Maritime Efficiency

On May 25, 2016, The University of the West Indies Arthur Lok Jack Graduate School of Business (UWI-ALJGSB) together with the Trinidad and Tobago Shipbuilding &

MSHS Group President Recognized for Safety Leadership

Signal Mutual Indemnity Association, a self-insured group provider of Longshore benefits, presented MSHS President Are Friesecke with the Francis R. Sharp Executive

Finance

Baltic Index Up On Higher Capesize Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday helped by an increase in demand for capesize vessels.

Mothballed Vessels SE Asia Reflect Oil Slump Pain

Around 1,300 offshore support vessels lying idle worldwide. Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of

Asian Traders Unload Floating Gasoline as Market Flips

Gasoline shifted from tankers to landed storage or sold off; forward gasoline prices to flip to backwardation from July. The number of tankers storing gasoline

News

Kvichak Delivers for the NYPD

Kvichak Marine Industries informs it continues to expand production of its high performance vessel line with delivery of another Response Boat - Medium Commercial   Kvichak,

Seaway Stakeholders File Suit Against US Coast Guard

Ports and vessel operators challenge what they call “flawed pilotage fees”   A coalition of U.S. Great Lakes ports, vessel operating companies and maritime trade

Royal Caribbean Selects Quintiq Software

Quintiq, a Dassault Systèmes company, announced that Royal Caribbean Cruises Ltd. has selected its software solution to optimize the assignment of more than 80,

Marine Equipment

Damen Delivers Floating Pump Station to Hamburg

Hamburg Port Authority (HPA) has taken delivery of the Sauger III, a custom floating pump station by Damen Shipyards Group for supporting dredging operations. Situated

Strategic Marine Building Luxury Crewboat

Strategic Marine announced the kick-off of its first collaboration with PT. Pelayaran Tanjung Kumawa, expecting to deliver an exclusive luxury crewboat in November this year.

Harding Sold to Palfinger

The PALFINGER Group has signed today the acquisition of 100 per cent of the shares in Herkules Harding Holding AS and thus, the globally operating Harding Group.

Electronics

OOCL Renews VOD Training Contract

Videotel, producer and distributor of training videos, 3D animation, and e-Learning courses to the maritime market and part of KVH Industries, Inc., (Nasdaq: KVHI),

Raytheon Anschütz Selected as INS Provider for Canada’s OFSV

Raytheon Anschütz Selected as INS Provider for Canada’s OFSV   Thales, a major system integrator in Canada, has chosen Raytheon Anschütz as the supplier of the

New Leadership at Alphatron Marine

Alphatron Marine announced that Arno Metzemakers will join the company's management team as General Manager responsible for all operational matters worldwide, effective June 1.

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair 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: 0.1704 sec (6 req/sec)