Mori Seiki Co., Ltd. announced that it plans to establish a new manufacturing plant in North America in early 2011 to achieve localized production of machine tools.
The original intention of the plan was to take into account the possibility of a continued decline in the exchange rate between the United States and Japan. A person in charge of Mori Seiki said, “If the dollar depreciates, this will become the financial advantage of producing machine tools in North America, reducing the cost of importing machine tools from Japan.†Establishing a new plant in North America is expected to bridge the exchange rate difference between the two countries. And to Mori Seiki users to ensure the continued quality, precision and value of the machine when it is purchased.
Mori Seiki currently has four plants in Nara, Mie Prefecture and Chiba Prefecture, Japan. The new North American plant will strengthen Mori Seiki's local infrastructure and increase the company's total monthly output. The fine machine is preparing for global expansion. The new plant will create more opportunities for R&D collaboration. The new plant not only focuses on R&D and production, but also on the installation and overall maintenance of the machine.
Through this program, Mori Seiki will increase its market share in the US and global markets. The development plan and other key issues of the new plant have not yet been finalized.
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