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Mexican Steel Company to Expand U.S. Operations

Monday, June 13, 2005
 
Through its Steelscape Inc. U.S. unit, Mexican conglomerate Grupo Imsa plans to spend $200 million to strengthen its position in the U.S. steel industry. The first stage would involve relocating its pre-painted and galvanized-steel operations to Shreveport, LA, from Richmond, CA, scheduled to begin in the second quarter of 2006. In the second stage, Imsa plans to add new U.S. mills, including operations for cold rolling and pickling, and for production of galvanized steel.
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Tower to Build a New Southern-U.S. Plant

Friday, June 10, 2005
 
Tower Automotive, Inc., Novi, MI, recently received a pair of new major vehicle programs, one of which will require the firm to build a new facility in the southern United States to accommodate manufacture of body structures for Ford Motor Co. The Ford contract will help fill capacity at several existing Tower plants, in addition to the new plant, scheduled to open in 2007.
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GM Downsizing Could Benefit
Canadian Auto-Parts Suppliers

Friday, June 10, 2005
 
At least that’s how some at the Canadian Automotive Parts Manufacturers Association (APMA) see things. “GM getting out of the parts business could be an opportunity for us,” says Gerry Fedchun, APMA president, who expects that outsourcing more of the parts GM needs would mean “big business” to APMA member companies. GM already purchases $16 billion worth of parts in Canada, according to a report from CanWest News Service posted on www.canada.com.
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