Mori Could Build New U.S. Plant

Plans for a new Mori Seiki manufacturing plant in the United States could begin as soon as 2011. Talk of development is based on the possibility of a continuing decrease in the exchange rate between the United States and Japan. “If the value of the U.S. dollar declines, it will become fiscally advantageous to manufacture machine tools in North America, eliminating the cost of importing from Japan,” says Dr. Masahiko Mori, company president.