tPlymouth Township-based JTEKT North America will invest $91 million to build its first manufacturing facility in Mexico. The 204,500-square-foot plant will supply electric power steering systems for a growing customer base in the region, the company announced Monday.
t“The San Luis Potosi site will be an important piece of our global manufacturing footprint,” says Ken Hopkins, COO of JTEKT North America. “It is strategically located to enable (the company) to quickly serve several automakers in the region. This investment will significantly expand our production capacity for electric steering systems and position us well for future growth.”
tAt full capacity, Hopkins says production volume will reach 900,000 units annually.
tConstruction of the plant — which will employ 300 workers — is expected to begin in the spring. Operations are expected to start by the end of 2015.
tWith a global headquarters in Nagoya, Japan, JTEKT employs more than 43,000 people in 27 countries. In North America, JTEKT employs more than 5,000 people.