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 inRamos Arizpe, Coahuila, Mexico. This investment supports theCompany's strategy to market its successful powder metalconnecting rods and other powder metal automotive components on aglobal basis. MascoTech Sintered Components Mexico, S. de. R.L. de C.V. willbe located in the Saltillo-Ramos Arizpe industrial park, an areaof expanding automotive- related activity. At full capacity, the90,000 sq. ft. facility is expected to employ 280 people who willoperate several fully-integrated powder metal connecting rodlines with additional capacity for select conventionallyprocessed powder metal components such as engine sprockets andbearing caps. "This demonstrates MascoTech's commitment to support ourcustomers, globally. The Ramos Arizpe facility will enableMascoTech to better serve our Mexican customer base and broadenour supply to other Mexican-based engine manufacturers," said LeeRunk, MascoTech Forming Technologies group president. "The addition of this facility to MascoTech SinteredComponents, combined with our recent acquisition of WindfallProducts, creates one of the world's largest independent powdermetal manufacturing companies," Runk added. "When the RamosArizpe facility is complete, MascoTech will operate eight powdermetal facilities in Europe, North America, Mexico and Brazil thatare strategically located to serve our global automotive customerbase." The company recently completed the construction of a powdermetal facility in Valencia, Spain which began production earlierthis year. In a related announcement, MascoTech is pleased to announcethe appointment of Alfonso Aguado Cortes to manage all facets ofthe manufacturing operations at the Ramos Arizpe facility. Corteshas extensive automotive manufacturing experience, having keymanufacturing responsibilities in several Chrysler Mexico, S.A.facilities and, most recently, an automotive supply facility foranother automotive supplier. MascoTech is a diversified manufacturing company with world-leading metal forming process capabilities and proprietaryproduct positions serving transportation and industrial markets. Note: On August 26 MascoTech announced the acquisition ofWindfall Products, Inc. of St. Marys, PA. Windfall is a leadingmanufacturer of transportation-related powder metal components.The combination of Windfall and the Saltillo-Ramos Arizpefacility with MascoTech's existing powder metal componentfacilities, creates one of the world's largest independent powdermetal manufacturing companies with eight facilities in Europe,North America, Mexico and Brazil. Powder metal forged connecting rods were developed and firstmanufactured by MascoTech in the mid-1980's and successfullycommercialized through the 90's. The North American automotivemarketplace 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 . Pressreleases 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 alsoavailable 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

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