TVS Supply Chain Solutions (TVS SCS) has announced that its wholly owned subsidiary, TVS SCS North America, is aiming to achieve $500 million in revenue, building on a sustained 20% CAGR growth over the past four years.
The company inaugurated a 225,000-square-foot build-to-suit facility in Waterloo, Iowa, equipped with advanced automation and robotics to support local manufacturing operations. With 95% of its capacity already committed, the facility is set to provide services such as value-added assembly, kitting, sequencing, and just-in-time delivery.
The inauguration ceremony was attended by Iowa Governor Kim Reynolds and Waterloo Mayor Quentin Hart, who recognized the facility as a step forward in strengthening Iowa’s role as a hub for manufacturing and supply chain innovation. TVS SCS also confirmed plans to inaugurate another 225,000-square-foot facility in the region next quarter.
Richard Vieites, CEO of North America & Europe at TVS SCS, said the company remains committed to expanding its U.S. presence with investments in state-of-the-art facilities, strategic growth locations, and partnerships to drive innovation in supply chain management.
