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<blockquote><font size="1" face="Verdana, Arial">quote:</font><hr>Metaldyne wins order to supply engine rods to Ford
February 12, 2002
BY DAN HART
BLOOMBERG NEWS
PLYMOUTH, Mich. -- Metaldyne Corp., a closely held auto-parts maker controlled by David Stockman's private equity fund, said it won an order to supply connecting rods for a new Ford Motor Co. four-cylinder aluminum engine.
Financial terms weren't disclosed. The forged powder metal rods will be used in engines for Ford's Focus small car, Taurus sedan and Ranger compact pickup truck in North America and the Mondeo sedan in Europe, said spokesman Kurt Ruecke.
The Plymouth, Michigan-based company will make the parts at plants in Ridgway, Pennsylvania; Ramos Arizpe, Mexico, and Valencia, Spain, for the second-largest automaker. Ford will build the engines in Dearborn, Michigan; Chihuahua, Mexico; and Valencia, Metaldyne said.
Metaldyne, with more than 12,000 employees and $2.3 billion in sales, was formed last year after Heartland Industrial Partners LP, headed by the former Reagan administration budget official, bought Mascotech Inc., Simpson Industries Inc. and Global Metal Technologies Inc. Metaldyne said in November it received $2.6 billion in orders that would double sales by 2008.
The company's products include gears, spindles and sprockets used in drivetrains that transfer power from engines to wheels. It also makes engine covers and connecting rods that link the camshaft and pistons and other engine components.
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[ 02-11-2002: Message edited by: biker16 ]</p>






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