Brembo investing $115 million to expand Michigan site

Article by Christian Andrei, on May 22, 2014

Brembo SpA has disclosed a $115-million expansion of its brake component site in Homer, Michigan that now allows the plant to build up to 12.5 million brake discs and 400,000 calipers and corner modules every year. Brembo executives told Automotive News in an interview that they expect North America to become the brake supplier’s largest global market this year, as they expect the European market to still stagnate.

Brembo executive deputy chairman Matteo Tiraboschi told Automotive News that sales in North America could grow 15 percent this year, after expanding 19 percent in 2013. Tiraboschi remarked that Brembo is growing very fast in the North American market, where it is doing significant business with Chrysler Group.

Brembo also includes Ford Motor Co. and General Motors in its customer list. It also supplies brakes to Ferrari, Porsche and Formula One race cars in Europe.

The Italian supplier has also expanded its product portfolio beyond the usual high-performance units like the Dodge Viper, Chevrolet Corvette and Cadillac CTS-V; it is now supplying brake components for Chrysler minivans and compact sedans.

Tiraboschi remarked that Brembo is now considering investments in the Mexican aftermarket, where it sees a very good growth in the coming years. [source: automotive news - sub. required]

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