Ramirez, CEO of HUSCO International.
— 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.
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
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
manufacturer plans to invest $16 million to expand and modernize
facilities and $69 million in manufacturing equipment and tooling
for new programs.
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.
270 new positions will open up by 2020 with 160 in the U.S. and
120 in Wisconsin, according to the release.
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.”
announced his completion of a year as a White House Fellow on the
National Economic Council and resumed his role as CEO of the