HUSCO Intl. will make $45 million investment in Waukesha

WAUKESHA (WITI) -- HUSCO International is embarking on a multi-year $45 million capital expansion project in Wisconsin that is expected to generate over 150 permanent new jobs by 2015.

The Wisconsin Economic Development Corporation has made HUSCO eligible for up to $800,000 in tax credits to support the company’s major investment.

“The growth in the U.S. auto market and its position in the off-highway equipment business are providing HUSCO some great opportunities for expansion in Wisconsin,” said Reed E. Hall, Secretary and Chief Executive Officer of WEDC.

Austin Ramirez, President & CEO of HUSCO International, made a series of announcements today during a celebration at HUSCO’s world headquarters in Waukesha.

According to Ramirez, “A significant portion of HUSCO’s revenue growth will take place with Ford Motor Company who today is recognizing HUSCO’s Waukesha facility with their top honor for a production supplier – the prestigious Q1 certification.  We are thrilled to have this opportunity to celebrate with one of HUSCO’s most important customers along with the Governor and his economic development team.”

Over the past three years HUSCO has invested more than $116 million in capital equipment, facilities and product development to create over 500 new jobs globally, approximately half of them here in Wisconsin, and will invest an additional $45 million in 2013.  HUSCO expects to generate over $360 million in global revenue in 2013, a 300 percent increase over 2009 and 20 percent higher than 2012.

The tax credits WEDC has made HUSCO eligible for will be distributed annually in direct relation to the number of jobs retained over a three-year period, as well as based on the number of new, full-time positions created.