Venture to boost capacity
DETROIT - Hayes-Lemmerz International Inc. and its Mexican partner plan to expand aluminum wheel-making capacity from 300,000 units annually to 1.2 million units annually at their Chihuahua, Mexico, plant. The $23 million expansion is expected to be complete in 2001. Hayes-Lemmerz, of Northville, Mich., is a partner in the project with UNIK SA de CV.
SENSOR PLANT PLANNED
DETROIT - Brake and chassis supplier Continental Teves Inc. plans a $15 million wheel speed sensor plant in Silao, Mexico. Continental Teves, of Auburn Hills, Mich., expects to begin production during the first quarter of 2001. Wheel speed sensors measure vehicle movement. They are a key part of the company's plan to supply electronic chassis control systems. The company is a unit of Continental AG of Hanover, Germany.
PARIS - Valeo SA plans to invest $56.6 million in its wiper and electric motors business in Bietigheim, Germany. The Paris supplier of electrical components plans to upgrade existing buildings and construct new facilities nearby as part of a major manufacturing and technical center. Construction is expected to take 20 months.
DETROIT - Key Welder Corp., which supplies automation equipment to the auto industry, has sold a controlling interest to IWKA AG of Karlsruhe, Germany, for an undisclosed sum. Key Welder, of Roseville, Mich., expects 1999 revenues of $60 million. It is the fourth recent acquisition by IWKA's U.S. Production Automation division. The division has annual revenues of about $190 million.
VISTEON'S GERMAN OFFICE
DETROIT - Visteon Automotive Systems has opened a sales and technology office near DaimlerChrysler's headquarters in Stuttgart, Germany. Visteon, of Dearborn, Mich., is the parts-making unit of Ford Motor Co. Visteon employs more than 4,000 people in Germany. The company's European-based customers include DaimlerChrysler, BMW Group and Audi AG.
OXFORD READIES PLANT
DETROIT - Oxford Automotive Inc. plans to complete its new plant in Ramos Arizpe, Mexico, in February. The plant will produce closure assemblies, underbody assemblies, wheelhouses, rear compartments and front floor assemblies. Oxford, a privately held company, is in Troy, Mich.