Hot Off the Press
The Power Shift: AK Steel May Drop GM
Thursday, February 13, 2003
Disputed contract terms have turned into a legal battle between General Motors and AK Steel. It's become so heated that AK has threatened to halt steel shipments to GM, according to reports, which could in turn cause massive layoffs for the automaker. At the center of the dispute are long-term contracts that run through 2004, and how AK is supposed to be compensated for costs incurred due to new inspection, testing and QC requirements handed down by GM during the contract term. The battle is seen by analysts as evidence of new-found leverage gained by steel companies in light of steel-supply consolidation and the tariffs.
Ford Stamping Plant Aids in Aluminum Recycling
Wednesday, February 12, 2003
Rather than sell its recovered aluminum stamping scrap on the general scrap market, at diminished quality and value, the Ford Motor Company stamping plant in Chicago, IL, now returns the scrap back to an Alcan Inc. plant in Oswego, NY, for reuse as auto-body sheet. It’s the first “closed-loop” recycling program for aluminum sheet scrap in North America, according to an article in Aluminum Now
. The Ford plant stamps 1.3 million aluminum hoods for the Explorer, F-150 and Ranger, and the Lincoln Town Car, and is the firm’s highest-volume user of aluminum sheet. To segregate the scrap, it invested $400,000 to modify its separation system.
Turck, InterlinkBT Form Turck Process Automation
Tuesday, February 11, 2003
Turck Inc., Minneapolis, MN, a supplier of control products, and InterlinkBT, Plymouth, MN, a supplier of bus network products, have formed Turck Process Automation. The partnership is designed to develop and adapt the companies’ interface, connectivity, sensing and measurement products to process automation markets.
For more, visit www.turck.com/process