NN INC 10-K

Item 2. Properties As of December 31, 2022, we owned or leased 31 facilities in a total of six countries, which includes a 49% equity interest in a manufacturing joint venture in China. Utilization of these sites may vary with product mix and economic, seasonal, and other business conditions. Our plants generally have sufficient capacity for existing needs and expected near-term growth. These plants are generally well maintained, in good operating condition, and suitable and adequate for their use. Due to a strategic shift to focus on growth opportunities and ongoing efforts to optimize the Company’s manufacturing footprint, we plan to cease manufacturing operations at several facilities during 2023. The following table lists the current locations of our facilities by segment. 19 Table of Contents Mobile Solutions Group Location General Character Country Owned or Leased Boituva, Brazil (1) Plant Brazil Leased Campinas, Brazil Office Brazil Leased Dowagiac, Michigan Plant U.S.A. Owned Juarez, Mexico Plant Mexico Leased Kamienna Gora, Poland Plant Poland Owned Kentwood, Michigan Plant 1 U.S.A. Leased Kentwood, Michigan Plant 2 U.S.A. Leased Kentwood, Michigan Plant 3, Warehouse U.S.A. Leased Kentwood, Michigan Office U.S.A. Owned Marnaz, France Plant France Owned Marshall, Michigan Plant 1 U.S.A. Leased Marshall, Michigan (1) Plant 2 U.S.A. Leased Sao Joao da Boa Vista, Brazil Plant 1 Brazil Leased Sao Joao da Boa Vista, Brazil Plant 2 Brazil Leased Wellington, Ohio Plant 1 U.S.A. Leased Wellington, Ohio (1) Plant 2 U.S.A. Leased Wuxi, China Plant China Leased Power Solutions Group Location General Character Country Owned or Leased Algonquin, Illinois Plant U.S.A. Owned Attleboro, Massachusetts Plant 1 U.S.A. Owned Attleboro, Massachusetts Plant 2 U.S.A. Leased Attleboro, Massachusetts Plant 3 U.S.A. Owned Attleboro, Massachusetts Office, Warehouse U.S.A. Owned Foshan City, China Plant China Leased Irvine, California (1) Plant U.S.A. Leased Lubbock, Texas Plant U.S.A. Owned Mexico City, Mexico Plant Mexico Owned North Attleboro, Massachusetts Plant U.S.A. Owned Palmer, Massachusetts Plant U.S.A. Leased Taunton, Massachusetts (1) Plant U.S.A. Leased Joint Venture Location General Character Country Owned or Leased Wuxi, China Plant China Leased _______________________________ (1) Facilities that we plan to close during 2023. In addition to these manufacturing plants, we lease office space in Charlotte, North Carolina, which serves as our corporate headquarters.