Partnership for brake assembly
WEINHEIM, Germany - German supplier Freudenberg Dichtungs-und Schwingungstechnik KG and UK-based Bundy International have signed a cooperation agreement. The companies will develop complete brake line assemblies. Bundy, a subsidiary of TI Group plc, specializes in rigid steel brake lines. Freudenberg provides flexible rubber brake hoses.
Rover awards Goetze for piston quality
BRADFORD, UK - A.E. Goetze Automotive Ltd. has been awarded a Rover Group Supplier Excellence Award. The Bradford-based company supplies 1.6 million piston systems to Rover Group each year. It is the sole supplier of gasoline piston systems.
Dana quits hydraulic cylinders
HAUSACH, Germany - Dana Corp. will sell its global hydraulic cylinder operations to the US investment group, Empire Financial Corp. The four plants involved include Erwin Hengstler Hydraulik GmbH in Hausach, Germany. The others are in North America. Their combined 1996 sales were nearly $75 million.
Beltan gains German partners
HAMBURG, Germany - Two German suppliers have taken a joint minority stake in Turkish partsmaker Beltan. Beltan makes rubber-to-metal antivibration products at its Bursa plant. Freudenberg AG and airbag and rubber components supplier Phoenix AG have cooperated before on antivibration products and shaft seals. Phoenix and Beltan have had a licensing agreement since 1990. Beltan employs 240 and has sales of around $7 million. It is ISO 9000 certified.
Toyota suppliers sell to Japan
LONDON - Two European component makers will supply parts to the Toyota Corolla built in Japan. Magneti Marelli will provide high-mounted stop lamps from its Cannock, UK, plant. Spanish manufacturer ITT will supply rear windshield wipers and motors. Both companies already supply Toyota's Burnaston, UK, plant. The contracts are worth up to $29 million a year.
GKN bids for Sinter
LONDON - UK-based GKN will become the world's largest maker of precision-pressed powder metal parts if its bid for independent supplier Sinter Metals Inc. is accepted by shareholders. It would have 14 percent of the global market. GKN will pay $570 million. Around 70 percent of Sinter's 1996 sales of $373 million came from the automotive industry. Sinter has plants in Germany, Sweden and North America. GKN has powder metal plants in Italy and the UK.