Euro-Group and Kuroda Precision Industries Ltd. established a strategic partnership for the production and sales of stator and rotor laminations for electrical motors and generators in the North American Market. As a first step, Euro-Group and Kuroda have decided to operate together in the United States of America, by bringing their respective skills and a commitment to extend this cooperation to other regions. Euro-Group will provide its existing global manufacturing capacity and industry technologies, while Kuroda,in conjunction with Euro Group’s tooling expert Corrada, will ensure the supply and maintenance of press tools & dies, including its inner lamination technology. Kuroda will also offer stamped products (motor core, etc.) through its own and Euro-Group sales network. The Joint Venture named Eurotranciatura USA LLC is owned 90% by Euro and 10% by Kuroda. On February 28th 2014, Eurotranciatura USA finalized the acquisition of the lamination division of a leading American refrigeration compressor producer based in the town of Paris, Tennessee. Eurotranciatura USA became fully operation on March 3, 2014. The company has today 15 punching presses ranging from 160 to 600 T, 3 high-pressure aluminium die-casting machines, an installed annealing capacity of 15,000 lbs/hour, 3 laser-welding machines, machining and welding devices for assembling rotors and stators. This operation will allow Euro-Group to complete in North America, thanks to our central location in the U.S. and our strategic location in Queretaro, Mexico.