Business Services Industry
Metaldyne touts new deal.(News)
Crain's Detroit Business, October, 2006
Byline: Brent Snavely Plymouth-based Metaldyne Corp. said last week a $40 million contract it just landed with an Asian automaker to provide balance shafts and oil pumps shows that the company's business strategy is working. Metaldyne President and COO Tom Chambers said the contract also shows why the company's decision to be acquired by Shizuoka, Japan-based Asahi Tec Corp.
makes sense. The company has been trying for three years to increase its business with Asian automakers. The balance shaft and oil pump Metaldyne will make starting in 2008 involves more than 30 parts and costs between $50 and $100 per module. Several years ago, Chambers said, Metaldyne could have won a contract to supply a single $15 balance shaft but would not have been able to...
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