Supplier takes $15.3 million charge
DETROIT - Standard Products Co., a supplier of window and door seals, plans to take a $15.3 million fiscal first-quarter charge to reorganize its European plants. It will take additional after-tax charges of $5.9 million when they are incurred for employee relocation and equipment startup costs as part of the realignment of manufacturing operations. Most will be absorbed before the company's sale. Standard Products last month agreed to be acquired by Cooper Tire & Rubber Co. for $757.4 million.
DETROIT - Delphi Automotive Systems Corp. plans to invest about $3 million in its Rochester, N.Y., manufacturing and technical operations.
Delphi, of Troy, Mich., also plans to invest $3.9 million in its Piracicaba, Brazil, battery plant. About $1.8 million will be used for equipment and tooling so Delphi can produce more European standard batteries for European manufacturers in Brazil. The remaining $2.1 million is for system upgrades.
Delphi's Rochester investment is in conjunction with a $725,000 economic development initiative from the New York Department of Labor. Delphi is expected to invest $2.2 million beginning this year for its die-cast generator housing business. The remaining $760,000 will be invested in the company's technical center in nearby Henrietta, N.Y.
GOODYEAR TO RESUME OUTPUT
AKRON, Ohio - Goodyear Tire & Rubber Co. is expected to resume production in Turkey as early as this week despite damage from the Aug. 17 earthquake in the western part of the country.
Goodyear's tire plant in Izmit, which employs 550 people, sustained minor damage, as did a warehouse in Adapazari. There were no injuries at the plants, but the homes of many Goodyear employees were destroyed or damaged.
CHARLOTTE, N.C. - Collins & Aikman Corp. has won the Chrysler Sebring JR convertible top business for the 2001 model year, a contract with annual volume estimated at 50,000 units.
Collins & Aikman currently supplies the Sebring JX with convertible tops from its Toluca, Mexico, plant. Collins & Aikman also will assemble tops for the next-generation Thunderbird from Ford Motor Co.
DETROIT - Autoliv said a Volvo S80 equipped with one of its side-impact airbags is the first passenger car to receive the highest rating in the National Highway Traffic Safety Administration's side-impact ratings program, five stars for the driver and five stars for the passenger.
Autoliv provides the side-impact airbag, a one-piece woven airbag with air chambers at critical points along its length. Autoliv North America Inc. is based in Auburn Hills, Mich.
KANEKA PLANS MICH. PLANT
JACKSON, Mich. - Kaneka Texas Corp. of Houston will build a 70,000-square-foot plant in Jackson to produce energy-absorbing foam cores for car bumper systems. The plant, scheduled to be operational by mid-2000, will supply bumpers to Honda, Saturn, General Motors, Mitsubishi and Subaru. It eventually will employ about 60 people.
MEMA SEEKS NOMINATIONS
RESEARCH TRIANGLE PARK, N.C. - The Motor & Equipment Manufacturers Association seeks nominations for its Triangle Award, which recognizes industry leaders or organizations that have contributed to the betterment of the automotive industry. The awards may be given to those involved in any sector, including business, government, industry or the media. The 1998 winner was Robert Raff, chancellor of the former AWDA*University (now University of the Aftermarket). Dead-line for nominations is Sept. 24. For more information or nomination forms visit www.mema.org or call (919) 549-4800 cq.
ARVIN SIGNS STEWART
COLUMBUS, Ind. - Arvin Industries Inc. has hired NASCAR driver Tony Stewart cq as a spokesman. Stewart will appear in TV, print and radio advertising, and will make personal appearances on behalf of Arvin. Stewart is a native of Columbus, where Arvin is based. Arvin supplies automotive exhaust systems, filters and ride- and motion-control products.
NORMAL, Ill. - Of the 22 North American companies Mitsubishi Motor Manufacturing America Inc. recognized with its 1999 supplier awards, two were honored in more than one area. NTN Bearing Corp. of America of Columbus, Ind., and Denso Manufacturing Tennessee Inc. of Maryville, Tenn., won awards for both production and service-parts excellence. All winners were noted for the quality of their parts and materials, timely delivery and the competitive value of their products.
QS-9000/Third Edition: Jabil Circuit Inc., Auburn Hills, Mich.
ISO-9001: Aurora CAD/CAM Inc., Metamora, Mich.
ISO-9002: Motion Industries Inc., Brockton, Haverhill, Somer-ville and Marlborough, Mass.; East Windsor, Conn.; Warwick, R.I.