MSX International Increases Investment in CADFORM Engineering in Germany

11.11.1999, 20:46

Auburn Hills, Mich. (PROTEXT) - MSX International Inc. has increased its investment in its Germany-based engineering service partnership with CADFORM Engineering GmbH. The new investment has been accomplished through an internal restructuring of CADFORM and MSX International resources in Russelsheim and Sindelfingen. MSX International acquired its initial equity interest in CADFORM in January 1999. This most recent step reflects MSX International's continuing commitment to provide a comprehensive range of engineering services to global automotive customers. Under the terms of the new investment, MSX International has become the largest single shareholder in the company. MSX International's offices in Russelsheim and Sindelfingen are being integrated with CADFORM resources under the leadership of the two managing directors of CADFORM, Volker Wagner and Ludwig Leissing. "We are pleased to provide the global reach and resources of MSX International in support of our customers," said Ludwig Leissing, one of CADFORM's two managing directors. "Based on this strengthened relationship with MSX International, we expect to expand our range of products and service areas in Germany. One of our first actions will be to develop our new identity as Cadform/MSX Engineering GmbH." "The engineering capabilities of CADFORM's people are well- respected in the German automotive industry," added John Risk, President of the Engineering Services Division of MSX International. "We view this action as a demonstration of our resolve to provide superior support and service to our automotive customers on a worldwide basis." CADFORM Engineering, headquartered in Homberg/Ohm, generates 85% of its sales revenue in the automotive industry, mainly in the sectors of product development and mold construction. The complete development potential ranges from full interiors to complex aluminum die-cast parts. MSX International is a leading, global provider of technology- driven business, engineering, and specialized staffing services. MSX International's services enable customers to significantly improve their business performance by adding value and helping them to achieve a competitive advantage. With annual sales exceeding $1 billion, MSX International employs more than 12,000 professional staff and contract personnel at over 60 operating locations in 23 countries worldwide. MSX International offers its customers a wide range of technology-driven services, both on-site and off-site, including product engineering and manufacturing engineering; contract and temporary staffing; training; purchasing support; marketing support; electronic document and information storage and retrieval; process improvement consulting; and web and information technology services. This document contains statements that constitute "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of any number of factors, many of which are beyond the control of management. These important factors are discussed in MSX International's filings with the Securities and Exchange Commission. MSX International's headquarters is in Auburn Hills, Michigan. Visit MSX International's Web site at http://www.msxi.com . MSX International's news releases are also available at http://www.prnewswire.com ots Original Text Service: MSX International Inc. Internet: http://www.newsaktuell.de Contact: Germany: Markus Lang of CADFORM, +49-0-66-339-773-21, lang.m@cadform.com; Germany: Sergio Wechsler, +49-0-17-296-632- 74, swechsler@msxi.com, or United States: Bruce Wagner, 248-844- 4129, bwagner@msxi.com, both of MSX International Inc. Web site: http://www.msxi.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

Chci zadat tiskovou zprávu

Chci dostávat tiskové zprávy

Vaše tiskové zprávy rozšíříme spolu se zpravodajstvím ČTK uživatelům agenturního servisu jako jsou média, ekonomická sféra, státní správa a veřejnost. Texty zůstávají uloženy v Infobance ČTK, jsou součástí mobilní aplikace ČTK a obdrží je také tisíce odběratelů našeho e-mail servisu. Veřejnosti je zpřístupníme na více než 15 zpravodajských portálech.

Doporučujeme
konaného dne 5.10.2000

Datum a místo konání: Praha 5. 10. 2000 - ČTK Opletalova ul.
Přítomni: Augusta, Broulíková, Přibáň, Rasmussenová, Vrabec, Mohylová, Zajíček
Hosté: Ing. Radim Novák, EŘ
Jednání řídil: M. Přibáň

Došlá korespondence:

  • pozvánka na 11. schůzi SKSP v pátek 6. října 2000

Diskuse:

  • informace ekonomického ředitele Radima Nováka o průběhu a zpravodajského zajištění zasedání MMF a SB v Praze
  • diskuse o možných budoucích multimediálních aktivitách ČTK

Závěr a úkoly:

  • usnesení k zpravodajskému zajištění výročních zasedání MMF a SB
  • další úkoly, vyplývající z předchozího zasedání trvají

Usnesení Rady ČTK v číselné posloupnosti:

Usnesení č. 6/2000 - Uznání za zpravodajství ze zasedání MMF a SB
 

Příští zasedání se koná dne 19. 10. 2000 v 10,00 hod.
 

Zapsala: K. Švecová
Schválil: Přibáň

Zápis z 47. zasedání Rady ČTK

Protext služby