AlliedSignal plans to lift Asia output
KAIPING, China - AlliedSignal Inc. of Morristown, N.J., plans to boost production of polyester fibers in Asia for the region's automotive tire industry. The expansion is planned for AlliedSignal's Kaiping production plant, which is a joint venture with China Kaiping Polyester Enterprise. The fibers are used in radial tires.
VALENCIA, Calif. - Pacific Industrial Components Corp. of Valencia, a lighting supplier to General Motors, has been acquired by Harison Electric USA Inc. The merged companies, with combined annual sales of $20 million, will become a wholly owned subsidiary of Harison Electric Co. Ltd. of Imabari, Japan. Harison supplies incandescent lamps to the auto industry.
SUPPLIER GROWS IN MEXICO
MEXICO CITY - Sanluis Corporacion SA de C.V., a supplier of automotive leaf and coil springs, torsion bars and brake components, has completed two new plants at the Piedras Megras Industrial Complex in Coahuila, Mexico. All of the plants' production is to be sold in North America. The company said it has invested $160 million over the past three years to increase production at the industrial complex.
SHOCK MAKER ACQUIRED
DETROIT - The GKN Sinter Metals unit of GKN PLC of Auburn Hills, Mich., has acquired the remaining 74 percent of Sintered Metal Components Ltd. of Bellville, South Africa, from Dorbyl Automotive Technologies Ltd. of Johannesburg, South Africa. Sintered Metal Components, one of South Africa's leading powder metal parts producers, supplies shock absorber components, sprockets, brake pedal components and spacers and posted sales last year of $2.3 million. Terms of the deal were not disclosed.
FABRISTEEL TO GROW
DETROIT - FabriSteel Products Inc. said it will purchase Specialty Bar Products Co., a supplier of fasteners based in Blairsville, Pa. FabriSteel, of Southfield, Mich., supplies fasteners for diesel engines. Terms were not disclosed.
WHEEL MAKER GETS DEAL
VAN NUYS, Calif. - Superior Industries International Inc. said it has obtained a multiyear contract in excess of $50 million annually to supply aluminum wheels. The wheels will be installed on a vehicle to be introduced this year from an undisclosed manufacturer.