Harvard sells unit
LEBANON, N.J. - Harvard Industries Inc. has agreed to sell a unit that makes molded rubber seals to France's Hutchinson SA for $115 million.
Lebanon-based Harvard, which emerged from Chapter 11 bankruptcy protection last November, has been selling some of its noncore automotive businesses. The sale of its Kingston-Warren business is expected to cut debt and raise money for acquisitions. Harvard supplies rubber seals, castings, stamped products and manifolds.
SIEMENS PLANS CENTER
COLUMBIA, S.C. - Siemens Diesel Systems Technology LLC plans to build a manufacturing, testing and assembly operation in Columbia as part of its recently formed joint venture with Navistar International Corp.
Siemens plans a 200,000-square-foot facility on 60 acres that will accommodate expansion in anticipation of more market growth. The venture, formed last March, plans to develop and manufacture low-pressure, common-rail digital valve fuel injectors for use in diesel-fuel systems. Production is expected to begin in May 2000.
ARVIN ADDS SPRING UNIT
COLUMBUS, Ind. - Arvin Industries Inc. of Columbus said it acquired Camloc Gas Springs of Leicaster, England, from Fairchild Corp.
Camloc, a supplier of custom gas springs, will become part of Arvin's AVM Inc. gas-spring operation in Marion, S.C. Arvin manufactures exhaust systems, ride-control products, filters and gas-charged lift supports.
DETROIT DIESEL CONTRACT
DETROIT - Detroit Diesel Corp. has won a contract to supply several thousand of its latest engines to JB Hunt Transport Inc., a common carrier in Lowell, Ark.
Specifics of the deal were not announced, but it involves Detroit Diesel's Series 60 engines, which supply 330 hp or more and up to 1,850 pounds-feet of torque.
SECAUCUS, N.J. - Matsushita Electric Industrial Co. Ltd. of Osaka, Japan, has merged two Kentucky plants controlled by separate divisions into its Matsushita Electric Corp. of America of Secaucus.
The plant in Danville, which makes appliances, and the Berea plant, which makes electric motors for automotive antilock brakes and power windows, were combined to better coordinate the plants, product design and marketing.