Yinlun to Establish U.S. Headquarters in MortonMonday, February 28, 2011
Tiantai, Zhejiang, China – ZHEJIANG YINLUN MACHINERY Co., Ltd announced today that they are purchasing a 50,000 square foot facility and establishing a United States base subsidiary (Yinlun USA, Inc.) in Morton, Illinois. The acquisition is based on
Yinlun’s key strategic imperative to expand its leadership in global heat-exchanger market and manufacturing.
“For several years, Global customers have been asking us to expand our range of
products and services to better serve their increasingly complex requirements,” said
Yinlun’s Chairman and CEO Xiaomin Xu. “This announcement says to those customers, we heard your requests. It is our first acquisition and facility based outside of China. Our Global Business Model calls for disciplined investment which aligns with key customer’s product footprints, by strategically locating world-class facilities globally." Xu stated.
The Morton Economic Development Council joined Yinlun in making the announcement. “We are proud to be the chosen home for Yinlun’s North American Headquarters,” said Jennifer Daly, CEO for the Morton EDC. “This new facility will create high-quality research and development jobs for our community and region. It also opens the door to future investment in Morton by other China companies. We will continue to work diligently to help Yinlun become successful in their new Morton home.” Yinlun anticipates that their new Morton facility will be open and operational by May of this year.
For more than 25 years, Yinlun has been driving positive and sustainable change in heat-exchanger design, development and manufacturing. With 2010 sales and revenues of $250 Million, Yinlun is China’s leading manufacturer of heat-exchanger products. The company has been a supplier to numerous Global diesel engines / construction equipment manufacturers since the 1990’s. More information is available at: http://www.yinlun.com