Powin Corporation Forms Unified Manufacturing Subsidiary
Powin Corporation Forms Unified Manufacturing Subsidiary
TUALATIN, Ore.--(BUSINESS WIRE)-- Powin Corporation (OTCQB:PWON), a Tualatin, Oregon-based OEM and direct manufacturer, announced today that it has formed Powin Manufacturing Corporation, a new subsidiary combining its three existing manufacturing facilities: Quality Bending & Fabrication (QBF) and CoSource USA in Tualatin, OR, and Powin Mexico in Saltilla, Coahuila, Mexico. The strategic move will strengthen the company's competitive position as a domestic and near-shore producer of precision metal parts for the automotive and truck industries, and for major machinery and equipment manufacturers.
"As labor and shipping expenses drive up the cost of manufacturing products in China for the U.S. market, we see an opportunity to bring production closer to home," said Jeanne Liu, President of the Powin Corporation. "Our goal is to better serve our North American customers, with more responsive service and the lower overall costs they demand."
Powin Corporation (www.powin.com) is a 22-year old company recognized around the world as a leader in contract manufacturing and OEM parts. Our parts and finished goods support products ranging from commercial trucks and home safes, to outdoor and fitness equipment. Powin's customers include several industry leading companies such as Boeing, Camp Chef and Freightliner.
Powin Corporation trades under the symbol "PWON" on OTCQB, the OTC market tier for companies that report to the SEC or a U.S. banking or insurance regulator. Investors can find Real-Time quotes and market information for the company at http://www.otcmarkets.com/stock/PWON/quote.
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Powin Corporation
LeeAnn Zhao
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KEYWORDS: United States Mexico North America Central America Oregon
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