Takeuchi Manufacturing-U.S. is taking a step to increase its capacity and speed of compact track loader production and delivery in the North American market with acquisition of an excavator plant from Kobelco Construction Machinery.
The $34.35 million acquisition of the Moore, South Carolina plant is expected to boost production capacity by nearly 40 percent. Kobelco had laid off workers at the plant last year, citing engine supply problems.
Closing on the plant transfer is slated for April with additional investments into the facility being possible.
The site is approximately 370,000 square yards, including space for offices, manufacturing and a demonstration area.
Production at the plant is expected to resume later in 2022.
“We continue to invest and grow,” said Clay Eubanks, Takeuchi director of global sales, on LinkedIn. “With this investment, we will be looking for new team members to grow our procurement, quality, health and safety and HR functions, among others in Spartanburg.”
The company says it will carry out 70 percent of the production process in Japan and complete the work in the U.S. for faster deliveries in its biggest market.
