PLYMOUTH, Mich. - Brembo celebrated the grand opening of its expanded North American manufacturing operations in Homer, Mich. with a ribbon-cutting ceremony this week.
The company is investing more than $115 million through the end of 2015 to expand the facility that houses production of brake, disc, caliper and corner module manufacturing.
During the grand opening,Brembo announced that North America will become the number one market for the group by the end of 2014. North America closed 2013 with a 19.4 percent increase in revenue from 2012 and recently announced a 27.7 percent increase during the first quarter of this year compared with the first quarter of 2013.
"This expanded and modernized production facility represents a new foundation for Brembo in North America, enabling us to increase our presence in the U.S. market and offer better service to our clients," said Brembo S.p.A Chairman Alberto Bombassei.
"Today's celebration renews our commitment to the North American market," said Daniel Sandberg, president and CEO of Brembo North America. "The investment in the Homer facility will allow us to expand our product offerings not only in North America, but also for customers across the globe."
While the company has always had a strong presence in the North American market due to its significant European original equipment manufacturer (OEM) applications, Brembo North America's recent growth was spurred by two events: the purchase of the Hayes-Lemmerz Automotive Brake Component division in November of 2007 and the substantial growth of US-based OEMs.
The Hayes-Lemmerz acquisition included the Homer plant, where Brembo began manufacturing discs in the United States. The plant underwent one expansion in 2008 and another expansion in two phases in 2012 and 2013. Brembo also built a caliper and corner module manufacturing facility adjacent to the disc plant in 2010. Total manufacturing area is about 440,000 sq. ft. and the plant employs more than 450 people. There are 47 processing lines and 12 painting lines. In 2013, the facility produced 10 million discs and 300,000 calipers and corner modules and is expected to produce 12.5 million discs and 400,000 calipers and modules in 2014.
In addition to the North American headquarters and R & D center in Plymouth, Mich., Brembo also has additional manufacturing facilities in Monterey, Mexico and Avenel, N.J. Brembo also has a facility in Mooresville, N.C., near the headquarters of several major racing teams.
Posted by Holly Wagner