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Chinese Co. Considers Buying Ford Parts Businesses

Tuesday, December 19, 2006
 
Wanxiang, reportedly China's largest car-parts maker, is looking to purchase automobile-component-producing assets of Ford Motor Co., according to the Financial Times. The two companies have been in talks regarding a possible buy—part of Wanxiang’s plan to expand its global presence. Wanxiang also has held talks with Delphi this year but no agreements have been reached. The company already supplies Ford and General Motors with parts. Subject of the Ford talks, according to FT, are Automotive Components Holdings (ACH), a group of facilities that Ford took over in 2005 via a bailout of Visteon, a parts producer Ford spun off in 2000. Ford reportedly plans to sell or close all ACH facilities.
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Serapid Names New Distributors

Tuesday, December 19, 2006
 
Serapid, Sterling Heights, MI, providing quick-die-change products to the metalforming industry, has named MasTech, Troy, MI, and Schweda Machine Tool Sales, Delafield, WI, as new representatives. For more, visit www.serapid.com.
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Ferrous Metal Processing Adds
Hydrogen Anneal Facility

Monday, December 18, 2006
 
Ferrous Metal Processing, Cleveland, OH, has added an Ebner hydrogen anneal facility to complement its 66-in. four-high combination cold-rolled reversing mill. The equipment now allows the toll processor to produce cold-rolled strip in widths to 60 in.—reportedly twice the market’s average strip width of 24-30 in. with a raw conversion cost that company officials claim is 50 percent less. The company can pickle, slit, level, roll and hydrogen anneal wide coils in a single location, thus reducing freight costs. For more, visit www.ferrousmetalprocessing.com.
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