Axle firm buys Albion
LONDON - Detroit-based American Axle and Manufacturing has acquired UK axle maker Albion Automotive Co., which has two plants at Leyland in northwest England and another in Glasgow, Scotland. Albion, which had sales of $120 million in 1997, supplies axles for trucks and other components for trucks, buses and cars. It employs 1,150. American Axle has sales of $2.2 billion.
Duerr acquires Acco
WARWICK, UK - The Conveyor Systems division of Duerr Systems has acquired Acco Systems Inc., a conveyor manufacturer based in Warren, Michigan.
Acco will continue to operate under its existing identity in the USA. 'Acco products complement the existing range of conveyor systems developed by Duerr in Germany and France,' said Martin Vollmer, general manager of the Duerr UK business group. The acquisition, he said, is part of Duerr's 'progress toward a global presence with standardized technology and service.'
Delphi r&d center
KRAKOW, Poland - Delphi Automotive Systems plans to construct a $30 million global research center in Krakow, Poland. The company expects to sign a contract to lease land at the site this month. Delphi already has five production plants in Poland.
Autoliv profit falls
Autoliv's pretax profit fell 8.7 percent to $219 million on sales that rose 5 percent to $2.5 billion in the nine months to 30 September. CEO Gunnar Bark said the global automotive market would decline by about 3.5 percent this year compared with 1997, and by a similar amount next year. He said there was particular price pressure on frontal airbags.