Nordhausen, November 30th, 2016
Nordhausen (Germany) based FEUER powertrain Group has officially opened its first international full-scale plant in Tunica, Mississippi, in the US. The site is strategically located approx. 50 km southwest of Americas‘ logistics hub Memphis and will mainly focus on the supply of US car manufacturers. The US subsidiary has already been awarded with two major, strategically important contracts and recently started serial production for V8 crankshafts with its first production line and a current staff of approx. 100.
ARGONAS Corporate Finance Advisors has supported FEUER powertrain Group on its international expansion as corporate finance advisor. Basis for the successful US investment was amongst others the implementation of a comprehensive financing package, which was agreed already in 2013 and also covers the investments made in the US.