Chinese manufacturer sticks to plan to open facility in Mexico next year
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Chinese ball bearing supplier CW Bearing opened a new manufacturing facility in Northville Township, Michigan. At the ribbon cutting ceremony, Jay Click, vice president for CW Bearing's North American operations, told Chinese news agency Xinhua the company would stick to its plan to build a new manufacturing facility in Mexico next year.
"The operation here is made for the U.S....in Mexico, it's going to be made for customers in Mexico," Click told Xinhua, adding the company will leverage Mexico as a springboard to explore the Latin American market because Mexico has free trade agreements with many other countries.
With initial investment of around US$ 20 million, the CW Bearing manufacturing facility will supply ball bearings for the electronic power steering (EPS) system of a wide range of vehicles, including the most popular SUVs and pickup trucks such as the Ford F-150 pickups.
The company plans to further expand the manufacturing facility with the second-phase investment of US$ 20 million dollars and bring a total of 125 new jobs to the local community over the next five years, Hu Lirong, president and CEO of CW Bearing USA Inc., told Xinhua in a recent interview.