By: Kathryn Lynch-Morin
Source: www.mlive.com
Nexteer Automotive on Wednesday announced it would invest $30 million to expand its presence in India with a new manufacturing facility.
The company, based in Saginaw County's Buena Vista Township, said the investment is due to growing customer demand in the region. Once it's built, the new Indian facility will cover 75,000-square-feet and employ 150 people. Nexteer already employs 600 people at two facilities in the country.
Nexteer's half shaft, pump and steering gears will be produced there.
"This investment in India will position Nexteer to become the leading supplier in the region," Robert J. Remenar, president and chief executive officer of Nexteer said in a release. "While committed to our mature markets, a crucial part of Nexteer's global growth strategy is focused on emerging markets supporting both global and regional customers."
In 2011 alone, the company has announced expansions in Poland and Brazil.
Source: http://www.mlive.com/business/mid-michigan/index.ssf/2011/09/nexteer_automotive_investing_3.html
Source: www.mlive.com
Nexteer Automotive on Wednesday announced it would invest $30 million to expand its presence in India with a new manufacturing facility.
The company, based in Saginaw County's Buena Vista Township, said the investment is due to growing customer demand in the region. Once it's built, the new Indian facility will cover 75,000-square-feet and employ 150 people. Nexteer already employs 600 people at two facilities in the country.
Nexteer's half shaft, pump and steering gears will be produced there.
"This investment in India will position Nexteer to become the leading supplier in the region," Robert J. Remenar, president and chief executive officer of Nexteer said in a release. "While committed to our mature markets, a crucial part of Nexteer's global growth strategy is focused on emerging markets supporting both global and regional customers."
In 2011 alone, the company has announced expansions in Poland and Brazil.
Source: http://www.mlive.com/business/mid-michigan/index.ssf/2011/09/nexteer_automotive_investing_3.html
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