ECIA will open Detroit facility
DETROIT - French parts maker Ecia will open a product development center in Detroit on 20 March. The subsidiary, Ecia North America Inc., will supply exhaust systems to Ford and GM.
Shinwa to build Hungary audio plant
MISKOLC, Hungary - Japanese electronics company Shinwa plans to open a factory in Miskolc, north-east Hungary, within a year. Shinwa will invest $23 million in the plant, mainly producing components for in-car CD and cassette players.
Shinwa is scheduled to sign contracts with Miskolc City Council this month on the purchase of the 41,500 square meter site for 22 million forints ($106,000). Full-scale operations are scheduled to start next February after trials from November. The plant will employ around 500 people by the end of 1999.
Temic sales rise
DETROIT - Sales to North America by Daimler-Benz vehicle electronics and powertrain subsidiary Temic rose 53 percent to $120 million last year. Most of the rise was due to ABS sales. The company expects total sales to rise a further 45 percent this year. Temic's global sales rose 52 percent to $650 million in 1997.
Continental buys Barum
OTROKOVICE, Czech Republic - Continental Group will buy 24 percent of Barum, the largest tire maker in the Czech Republic, from the European Bank for Reconstruction and Development. The purchase, for an undisclosed sum, gives Continental control of Barum.
Manuli profits up
TURIN - Manuli Rubber Industries SpA made a 1997 operating profit of L69 billion ($38 million), a 39 percent rise on 1996. Sales rose 16 percent to L442 billion.