2023-04-06 08:40:35 ET
- Global supplier of electrical systems, CVG ( NASDAQ: CVGI ) announced two new plant locations : one in Tangier, Morocco, and another in Aldama, Mexico.
- Both locations are expected to employ ~1,000 new employees each, and production is targeted for Q3 of 2023.
- These plants are a cornerstone in CVG's strategy of expanding its electrification systems business.
- "These new strategic locations will allow us to align our services with our customers' demands in the rapidly growing electrification landscape," said Harold Bevis, President and CEO of CVG
For further details see:
CVG expands footprint in Morroco and Mexico