According to the “Detroit Free Press†report, Nexteer Automotive has announced that in order to fulfill a new contract with an anonymous company, it will invest $70 million in the headquarters of Saginaw and hire 325 more. Employee. We have lot of hot rolled steel bar raw steel materials which is used to do futher processing such as cold drawn round bar, square bar, hex bar, flat bar, peeled steel bar, ground and polished steel bar and do heat treatment on steel bars such as annealing, normalizing, quenching and tempering and some other CNC machining steel bar. Hot Rolled Steel Round Bar,Carbon Steel Round Bar,Alloy Steel Round Bar,Chromium Nickel Molybdenum Steel SHANDONG LE REN SPECIAL STEEL CO., LTD. , https://www.sdbrightsteelbar.com
This new investment will be used to upgrade and expand Nexteer’s development, production and testing capabilities in 2014, including modernizing the plant's infrastructure and investing in high-tech, new production machinery and equipment.
According to Laurent Bresson, Nexteer's president and CEO, “The new contract was outsourced to Saginaw's business unit for two reasons. First, we have cost-competitive operational capabilities. Second, the power steering system components are very complex. Needs to be produced through advanced manufacturing processes."
Nexteer Automotive is a steering system and related technology provider headquartered in Saginaw, Michigan, USA. The company has more than 100 years of research and production experience in the field of automotive steering. It has manufacturing plants, customer service centers and technology research and development centers in 34 countries and regions around the world.