Mile Marker International, Inc. today announced that its Mile Marker, Inc. subsidiary in Pompano Beach had established a wholly-owned subsidiary in ShenZhen, China with a 15,000 square foot factory to develop and manufacture the electronic components for its electric winches currently being sourced in China. This factory will be managed locally by Stan Smith, an American executive from California with extensive manufacturing experience during his 17 years in the Far East who is fluent in the Chinese language.
The Board of Directors of Mile Marker Automotive Electronics (ShenZhen), Ltd. consists of Richard Aho, Chairman and CEO of Mile Marker International, Inc., Stan Smith and Mile Marker executives Drew Aho and Al Hirsch. Richard Aho and Drew Aho attended the grand opening ceremonies earlier this month in China, and Richard Aho presided at the new company's ribbon-cutting ceremony in ShenZhen.
Richard Aho, President and CEO of Mile Marker International, Inc., said: "We expect to develop and manufacture all of the electronic components for our electric winches from China at our new factory, thereby better controlling the costs and quality of our growing electric winch product line. The Company's new China facility includes a 3,000 square foot "clean room" required for the manufacture of delicate electronics. This facility also enables us to accelerate and enhance our research and development activities. The management and staff of our China subsidiary have the capability of readily expanding production to other electronic products, thereby further diversifying Mile Marker's product lines with new and innovative products. Such expansion represents the continuation of Mile Marker's historical new product development from conversion kits and hubs to hydraulic and electric winches."