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New facility will support growing EV/HEV and renewable energy demand in North America
Rogers Corporation (NYSE:ROG) announced today that it has signed a lease on a factory in Monterrey, Mexico for advanced busbar manufacturing and engineering services. The first phase of the new site is slated for completion in late 2024 and continues Rogers' manufacturing footprint strategy of supporting customers in the regions where they operate.
Rogers' advanced ROLINX® busbars provide effective and efficient power distribution in a variety of applications in the electric and hybrid-electric vehicle (EV/HEV), renewable energy, mass transit and industrial markets. Customers choose ROLINX® busbars based on Rogers' proven quality and reliability, electrical and mechanical expertise, co-engineering support and flexible lead times.
"We are excited to expand our presence in North America to better support our global customers and the growing EV/HEV and renewable energy markets in this region. Our new factory in Monterrey will enable us to better support our customers with deeper technical collaboration, and local prototyping and supply capabilities that reduce lead times and improve service levels," said Jeff Tsao, Advanced Electronic Solutions (AES) Senior Vice President and General Manager.
This latest investment continues Rogers' support of growth opportunities across its markets with ongoing initiatives to drive capacity throughput improvements at existing facilities and make targeted investments in new capacity.
Posted In: ROG
