HVAC Breaking News

Oct. 28, 2004: Wolverine Tube Expands Into Mexico

October 28, 2004
/ Print / Reprints /
ShareMore
/ Text Size+
HUNTSVILLE, Ala. - Wolverine Tube Inc. has announced plans to commence manufacturing operations in the Monterrey area of Mexico. The Mexico facility will produce both fabricated products and technical tube in a 130,000-square-foot leased facility.

This marks the first Wolverine operation in Mexico. The company will initially invest approximately $5 million in the facility, of which approximately $3 million represents existing equipment that is being redeployed.

Commenting on the announcement, Dennis Horowitz, chairman, president, and chief executive officer, said, "Currently we have substantial and profitable sales into Mexico and well-established relationships with major customers in that country. This manufacturing facility will allow us to provide them with improved service and expanded capabilities as our business and our customer base continues to grow.

"Initially", added Horowitz, "the Mexico facility will produce brazed assemblies for our HVACR and appliance customers and will begin to produce technical tube in early 2005. We anticipate, by the first quarter of 2005, employing approximately 100 people. The Mexico operating results are expected to have a slightly negative impact on the fourth quarter of 2004 and to be accretive in the full year 2005. Including the capital investment for this Mexico expansion, we will remain within our total corporate 2004 capital spending projection of $10.5 to $12 million."

Horowitz continued by saying, "Experienced Wolverine employees will manage this operation. Imran Mukhtar, a Wolverine employee since 1997, will be the on-site plant manager and Chris Foster, who has been with Wolverine for over three years, will have responsibilities as general manager for both our Carrollton, Texas, and Mexico facilities."

For more information, visit www.wlv.com.

Publication date: 10/25/2004

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.

Podcasts

NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts

ACHRNEWS

NEWS 04-21-14 cover

2014 April 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

SERVICE CALLS POLL

Which statement on service calls best applies to your business?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con