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Moeller Opens Tooling Facility in Mexico

Wednesday, July 18, 2007
 
Moeller Manufacturing Co., Inc., Plymouth, MI, has opened a manufacturing plant in Queretaro, Mexico, to supply that market with punches, die buttons, retainers, die springs and nitrogen gas cylinders. The plant is in the Industrial Parque El Marques. Learn more at www.moellerdemexico.com.


Auto-Parts Makers Expected to Post
Positive 2nd-Quarter Earnings Reports

Wednesday, July 18, 2007
 
Quarterly results from U.S.-based auto suppliers are due to be reported starting this week and through the end of the month, and overall expectations are high, according to analysts. Most suppliers are expected to meet or beat Wall Street predictions. “Suppliers with exposure to GM saw benefits from the launch of T-900 pickups and what we suspect has been some inventory build into this summer’s contract talks,” said Robert Barry of Goldman Sachs, according to an Associated Press report. Johnson Controls hit a 52-week high earlier this week (Monday), and BorgWarner and Magna International are expected to post positive second-quarter numbers later this week, according to a representative from Wachovia. Also due to report earnings later this week or next week: American Axle & Manufacturing, Lear Corp., Tenneco, ArvinMeritor, TRW Automotive Holdings and Visteon Corp.

Fabricator/Rollformer Earns Huge
Building-Framing Contract

Monday, July 16, 2007
 
FrameMax, San Diego, CA, a fabricator of steel framing, has been awarded one of the world’s largest light-gauge steel contracts, totaling 4 million sq. ft. and 13,000 tons of material. The project, commissioned by the Algerian Ministry of Defense, includes accommodations and administration buildings, among others, to be completed within an 18-month timeframe. In order to meet the building deadlines and avoid overseas shipping, FrameMax will oversee fabrication being completed in Algeria throughout the project. The firm operates a 150,000-sq.-ft. fabrication facility, with automated rollforming and precision cutting, punching and notching, in Tecate, Mexico; www.framemax.com.

 

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