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Ceratizit Grows Through Acquisition

Thursday, July 19, 2007
 
Ceratizit, a Luxembourg-based supplier of hard-material products for wear protection and cutting tools (with North American sales headquarters in Columbia, SC), has acquired Newcomer Products, Inc., Latrobe, PA. Newcomer Products manufactures and finishes tungsten-carbide products for metal cutting and wear applications. It employs 130 people and had sales of $20 million in 2006. For the metalforming marketplace, Ceratizit manufactures cold-heading dies, special cold-forming tools (punches, mandrels, swaging hammers etc.), drawing dies and mandrels and fastening tools; www.ceratizit.com/usa.
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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.
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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.
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