Hot Off the Press
Developer of Fastener Distribution Software
Nets Two New Clients
Tuesday, November 26, 2002
Faspac Systems, Inc., La Jolla, CA, has announced that NiFast Corp. and RevCar Fasteners have selected the company’s Uniquity software to manage their distribution operations. Uniquity is an industrial distribution and manufacturing enterprise software suite.
NiFast is a distributor of fasteners and cold-heading-quality wire, has nine locations including two foreign subsidiaries. RevCar Fasteners supplies fasteners and related products to OEMs, and in addition to its main facility, has three other office and warehouse locations.
For more, visit www.faspac.com
PTCAlliance Shareholders OK Restructuring
Tuesday, November 26, 2002
Shareholders of PTCAlliance, Pittsburgh, PA, a producer of welded and cold-drawn mechanical steel tubing and related products, have approved a recapitalization to increase equity and reduce outstanding debt. Also, the company completed restructuring of its bank debt and transfer of equity to secured lenders.
“Throughout the restructuring process, our goal was to preserve our market leadership and the continuity of our strategy, and we’ve succeeded in those areas,” said Peter Whiting, PTCAlliance president and CEO. “Now we can move full-speed ahead in expanding to meet our customers’ requirements and improve service levels as the economy recovers.”
He also said the restructuring increases the company’s ability to maneuver in the competitive environment of the steel-tubing industry.
For more on PTCAlliance, visit www.ptcalliance.com
Japanese Automakers to Limit Aluminum Usage
Monday, November 25, 2002
Focusing on improving powertrains to improve future fuel consumption as opposed to reducing rolling resistance and vehicle weight, Japanese automakers are expected to limit aluminum usage over the next decade, according to a report provided to Automotive Industries magazine.
By 2010, according to experts surveyed, aluminum usage in Japanese-made vehicles will average 10 percent of vehicle weight as compared to the current figure, 8 percent.
According to the report, here’s how the major automakers plan to use aluminum:
* Toyota plans to cut vehicle weight by one-quarter by 2010, primarily by adopting aluminum engine blocks in 50 percent of its engines, compared to 35 percent today. The company also will convert cylinder heads to aluminum, and will turn to aluminum for hoods and trunks in upscale models.
* Like Toyota, Nissan will implement aluminum hoods and trunks on higher-end models, and will introduce aluminum doors and body panels on some models. Already, Nissan uses aluminum for about 70 percent of its engine blocks and for nearly 100 percent of its cylinder heads and transmission casings.
* In 1994, Honda converted all its gasoline engine blocks to aluminum, but is resisting the move to aluminum body panels, claiming that aluminum is twice as costly as steel in such applications. It will explore aluminum for panels and other components in specialty cars such as those with hybrid power plants.
Aluminum sheet use in Japanese-made vehicles is expected to increase from 2001 levels of 3,000 tons to 20-25,000 tons in 2010, due largely to increased use in high-end-model panel production as noted above. Use of rolled aluminum and extrusions should reach 260,000 tons in 2010, up from 221,235 used in 2001, half of which was aluminum plate.