SMTCL to Investigate New Factory in the United States

Factory would be first SYMG factory in North America

Chicago, September 8, 2014: At a Press Conference at the International Manufacturing Technology Show (IMTS) at McCormick Place in Chicago, IL, SMTCL Chief Operating Officer Jerry McCarty announced today SMTCL is looking at the possibility of manufacturing machine tools in the United States. A manufacturing factory in North America will complement SYMG’s current manufacturing facilities in Europe (Germany) and Asia (China). “We are looking at the United States because that is where our customers are and we know that we can find workers and vendors that have the dedication to quality that we need”, said McCarty. “We are in the evaluation stage, but we are hoping to employ Americans and have this facility managed by Americans. I can also tell you that although we will continue to use the World’s best components in our machines, we hope to use a number of local U.S. vendors to provide contract machining, fabricating, and electronics.” McCarty said, “ SMTCL-Americas will be looking at what products to manufacture and will look to have the facility in a state that has a good manufacturing base with employees and vendors that can build quality machines and components. “We will need manufacturing engineers, machine assembly technicians, and service technicians, as well as purchasing, accounting, and general management professionals,” said McCarty.

“Our plan is that if we build machines in the United States, we can ship them to our Customers throughout the U.S. and to our Customers in Canada, and Mexico. In the meantime, we look forward to helping all of our Customers compete in the World Economy with Quality Products and Support. SMTCL is a subsidiary of SYMG, the largest Machine Tool Manufacturer in the world producing 80,000 Machine Tools each year and with revenues of $2,9 Billion. SMTCL has over 300 products including CNC Boring Mills, Vertical Turning Centers, Vertical Machining Centers, Horizontal Turning Centers, Horizontal Machining Centers, Gantry Type Machining Centers, Pipe Threading Machines and Tapping Centers. SMTCL also makes Conventional Lathes, Boring Mills, and Radial Drills. SMTCL has design centers in Germany and China as well as multiple factories in Germany and China. The Headquarters for SMTCL-Americas is located in the City of Industry, California and stocks machines, replacement parts, and accessories. Through a network of 15 Distributors in the US, Canada, and Mexico, SMTCL-Americas provides local service and support to customers in a variety of industries including Aerospace, Defense, Medical, Automotive, Electronics, and Job Shop.