Brembo to Build Foundry in U.S.
Brembo, an Italian manufacturer of automotive brake systems, announced the construction of a cast iron foundry near its Homer facilities in Michigan that will allow the company to vertically integrate its production processes. Once construction is completed in 2017, the approximately 30,000-square-meter facility will have an annual output of up to 80,000 tons of brake disc castings. The $100 million investment will also create 250 jobs at the foundry and at the company’s Plymouth R&D center and headquarters. The new foundry reinforces Brembo’s commitment to the North American market, which is on pace to become the company’s number-one geographic market by the end of the year.