Motorcar Parts of America, Inc. announced the strategic expansion of its automotive aftermarket brake product offerings, with the introduction of brake calipers.
“The launch of a brake caliper program complements our current braking system products and is consistent with our strategy to leverage our expanding manufacturing footprint by approximately 370,000 square feet in Tijuana, Mexico — supported by the company’s new state-of-the-art 410,000 square foot distribution facility. We have significant initial customer commitments representing approximately $30 million for the remainder of the current fiscal year. We are attracting additional strong interest for this product, and look forward to fully ramping up production, growing this category, and reporting milestones as fiscal 2020 evolves,” said Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America, Inc.
“This category represents a significant growth opportunity, leveraging our more than fifty-year history in the aftermarket industry and the company’s highly regarded competency in remanufacturing. Equally important, the launch of this product line solidifies our position as a full-line brake supplier, which provides the company with solid growth opportunities and favorable financial metrics,” Joffe emphasized.
“We have made significant investments to support our initiatives to become a leading multi-product line supplier and this launch further strengthens our position,” Joffe added.
Industry sources estimate the aftermarket size today for the brake caliper category in the United States is approximately $1.1 billion USD at the retail level.