TechPrecision Corporation Looks to Grow in the US
4 May 2011
TechPrecision Corporation, a manufacturer of precision, large-scale fabricated and machined metal components and systems has engaged Jones Lang LaSalle to evaluate and report on the availability and suitability of strategic growth locations in the United States. The analysis will provide the Company with data designed to help TechPrecision management make a decision on the location of a new facility later this year.
"The growth and expansion in our core markets combined with favourable economic incentives in many states makes now the perfect time to lay the proper groundwork for a strategic expansion plan," commented James Molinaro, CEO of TechPrecision Corporation. "As our customers and their products grow in size and scope, a plan to support their requirements must involve the possibility of increasing our capacity by expanding to additional, strategically-located facilities."
TechPrecision Corporation, through its wholly owned subsidiaries, Ranor, Inc., and Wuxi Critical Mechanical Components Co., Ltd., is an industry leading, global manufacturer of precision, large-scale fabricated and machined metal components and systems. These products are used in a variety of markets including: renewable energy (solar and wind), medical, nuclear, defense, industrial, and aerospace.