Hot Off the Press
HAPPY THANKSGIVING !
Thursday, November 23, 2006
The staff of MetalForming
magazine and all of PMA wish you and yours a very happy and healthy Thanksgiving holiday. Hot off the Press
, your daily news source covering the metalforming industry, returns on Monday, November 27.
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