Hot Off the Press
Chery Automotive Partners with JCI in China
Wednesday, November 22, 2006
Chinese automaker Chery announced earlier this week that it will set up a joint venture with Johnson Controls Inc. to manufacture automotive interiors in China. The joint venture will be located in Wuhu, in East China’s Anhui Province. Said Chery chairman and general manager Yin Tongyao: “Chery will acquire technical know-how from JCI in order to improve its auto-parts supply system and make its vehicles more competitive in international markets.” JCI has established ten joint ventures in China, and two technology centers.
Cleaning Technologies Group Acquired, Now an LLC
Tuesday, November 21, 2006
NM Group Global, LLC, Tiffin, OH, and Alpha Capital Partners, Ltd., Chicago, IL, have acquired a majority interest in Cleaning Technologies Group (CTG), LLC, Cincinnati, OH, a manufacturer of parts-cleaning and waste-minimization equipment and services. The transaction includes the two operating divisions of CTG, Ransohoff of Cincinnati and Backstone-Ney Ultrasonics of Jamestown, NY. As a result, CTG adopted an LLC strcutre. NM Group Global (www.nationalmachinery.com
) is a manufacturer of cold-formed parts and fasteners, with service centers and sales offices throughout the world. CTG is online at www.ransohoff.com
Toyota Brewing a Little Texas Tea
Friday, November 17, 2006
Today is the day, Friday, November 17, when the first Toyota Tundra (officially available for sale) rolls off the line at the new 2.2-million-sq.-ft. plant in San Antonio, TX. The Texas plant and its 21 onsite suppliers will eventually employ 4100 people, according to Toyota. The suppliers will provide some 70 percent of the parts used in the Tundras, and 50 percent of the value of parts in each truck. Since Toyota announced its intentions to build in south Texas, more than 25 manufacturing operations have moved to the area or expanded existing facilities. Most notable among them is aircraft manufacturer Sino Swearingen Aircraft Corp., which a few months ago announced plans to build a new $20 million facility at the San Antonio International Airport and eventually create 850 new jobs. And, San Antonio Mayor Phil Hardberger says that among the companies actively considering establishing operations in San Antonio, 40 percent have manufacturing potential.