HUSCO International announces $85 million expansion
Much focused on Waukesha headquarters


By HANNAH WEIKEL - Freeman Staff

September 23, 2017

       

Austin Ramirez, CEO of HUSCO International.

Submitted photo

WAUKESHA — On Friday, HUSCO International announced a major three-year capital investment plan of $85 million, with the most significant investments going toward the company’s headquarters in Waukesha.

The investment is part of an effort to launch new programs that will start production before 2019 and modernize global facilities. HUSCO has facilities worldwide that develop and manufacture hydraulic and electro-hydraulic components for automotive and off-highway industries.

The biggest investments will be in Waukesha, with $11 million to modernize the facility and offices and $17 million to install new advanced assembly and tooling equipment, according to a press release.

The manufacturer plans to invest $16 million to expand and modernize facilities and $69 million in manufacturing equipment and tooling for new programs.

Within two years, the new programs are expect to incrementally contribute $165 million each year in global sales. HUSCO has manufacturing facilities in Wisconsin, Iowa, India, England and China. The company is a minority- and veteran-owned private enterprise.

Some 270 new positions will open up by 2020 with 160 in the U.S. and 120 in Wisconsin, according to the release.

“This announcement reflects HUSCO’s incredible success securing new business over the past several years, despite challenging global markets,” Austin Ramirez, chief executive officer of HUSCO International, said in a statement. “The size and scope of these investments are unprecedented in our history and reflect our commitment to being the best employer and partner in the markets in which we compete.”

Ramirez announced his completion of a year as a White House Fellow on the National Economic Council and resumed his role as CEO of the company.