MascoTech Announces Construction of a New Powder Metal

31.08.1999, 20:13

Facility in Mexico Taylor, Mich. (PROTEXT) - MascoTech Forming Technologies- Sintered Components, a division of MascoTech, Inc. (NYSE: MSX), has begun construction of a new powder metal forging facility in Ramos Arizpe, Coahuila, Mexico. This investment supports the Company's strategy to market its successful powder metal connecting rods and other powder metal automotive components on a global basis. MascoTech Sintered Components Mexico, S. de. R.L. de C.V. will be located in the Saltillo-Ramos Arizpe industrial park, an area of expanding automotive- related activity. At full capacity, the 90,000 sq. ft. facility is expected to employ 280 people who will operate several fully-integrated powder metal connecting rod lines with additional capacity for select conventionally processed powder metal components such as engine sprockets and bearing caps. "This demonstrates MascoTech's commitment to support our customers, globally. The Ramos Arizpe facility will enable MascoTech to better serve our Mexican customer base and broaden our supply to other Mexican-based engine manufacturers," said Lee Runk, MascoTech Forming Technologies group president. "The addition of this facility to MascoTech Sintered Components, combined with our recent acquisition of Windfall Products, creates one of the world's largest independent powder metal manufacturing companies," Runk added. "When the Ramos Arizpe facility is complete, MascoTech will operate eight powder metal facilities in Europe, North America, Mexico and Brazil that are strategically located to serve our global automotive customer base." The company recently completed the construction of a powder metal facility in Valencia, Spain which began production earlier this year. In a related announcement, MascoTech is pleased to announce the appointment of Alfonso Aguado Cortes to manage all facets of the manufacturing operations at the Ramos Arizpe facility. Cortes has extensive automotive manufacturing experience, having key manufacturing responsibilities in several Chrysler Mexico, S.A. facilities and, most recently, an automotive supply facility for another automotive supplier. MascoTech is a diversified manufacturing company with world- leading metal forming process capabilities and proprietary product positions serving transportation and industrial markets. Note: On August 26 MascoTech announced the acquisition of Windfall Products, Inc. of St. Marys, PA. Windfall is a leading manufacturer of transportation-related powder metal components. The combination of Windfall and the Saltillo-Ramos Arizpe facility with MascoTech's existing powder metal component facilities, creates one of the world's largest independent powder metal manufacturing companies with eight facilities in Europe, North America, Mexico and Brazil. Powder metal forged connecting rods were developed and first manufactured by MascoTech in the mid-1980's and successfully commercialized through the 90's. The North American automotive marketplace has rapidly incorporated the advantages of PM rods, having purchased over 100 million rods from MascoTech. Visit MascoTech's website at http://www.mascotech.com . Press releases are available through Company News On-Call by fax, (USA) 800-758-5804, extension 535375, or http://www.prnewswire.com. MascoTech's press releases and other information are also available through our new toll-free number, (USA) 800-474-8324. ots Original Text Service: MascoTech, Inc. Internet: http://www.newsaktuell.de Contact: Media: Kurt E. Ruecke, (USA) 313-792-6972, or Investor Relations: Kenneth J. Zak, (USA) 313- 792-6386, both of MascoTech Company News On-Call: http://www.prnewswire.com/comp/535375.html or Fax, (USA) 800- 758-5804, ext. 535375 Web site: http://www.mascotech.com Subscribers please note that material bearing the slug "PROTEXT" is not part of CTK's news service and is not to be published under the "CTK" slug. Protext is a commercial service providing distribution of press releases from clients, who are identified in the text of Protext reports and who bear full responsibility for their contents. PROTEXT

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