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Customer initiative by Dana Corporation
EtseAer Advanced Technology: I PO Box i5o i i:3: : Oxford OX5: IAS : United Kingdom : :7' Td:+44 (0)1865 843313 Faxi +44 (0)!865 843971 E-maik h:johnstonc@dse~r.co.uk
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Mark H Purvis i Editors: , Heather Johnstone, Michael Comer v,~t,~o~
coo.i~mn
Neil Jones '
:
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w ~ i ~ v Adams (USA), Yves Bitembaut (F), : Cyril X Latty (r); i
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JohnPlumtid~(UK), : [3 Richard F Salant (USA), X~olfgang Sch6ppldn (D); Nell M Wallace (UK)
No re~oonsibili~y is awumed by the Publisher j~r any injury and/or damage m penons or ~ as a matter of produ~ liabilit3 negligence or otherwise, or fizrm any use or
operation of any methods,products~ i~ns or ideas contained in the material herein.
USA: Tlfis publication has been registered with :the Copyright Cleat',race Center hc. Consent given for copying of artides for, personal or internal use, or for the personal use of specific clients. The consent is given on the condition that the copier pay~~ ~ - c o ~ li~ stated in the code on the front page for copying be;~nd that permitted by Sections 107 and 108 of the U S Copyright law. The appropriate fee should be forwarded -~th a copy:of each page reproduced t o the Copyright Clearance Center hc~ 222 Rosewood Drive, Danvers, MA 01923 USA. This consent does' not extend to other kinds of copying, such as for general distribution, resale, advertising and promotion purposes, or for creating n e w collective works. Special written permission must be obtained from the publisher for such copying. .
O2129
r~dby ~ P m e U K
(~
Burgmann's third venture in China Burgmann continues to expand in the Asian market, with the founding of a joint venture with Cixl Sealing Factory, based in the Zhejiang province of China. The Burgmann group has a 66.6% share in the venture, i representing an investment of i DM2 million. The remaining share i is held by Cixi Sealing Factory. The : newly formed company will operate : under the name Burgmann Sealing Material Co Ltd and concentrate :: on the development, manufacture and i marketing of packings and static : seals. It employs 181 people and is run by a local Chinese management : team including Li Xing He as : General Manger. Burgmann antic: i ipates that the company will make a turnover of approximately DM3.1 million in the first year. This deal marks the company's third operation in China, with the other two based in Dalian and Shanghai. Burgmann now has over 40 subsidiaries, joint ventures and associated manufacturers worldwide, with a workforce of 2700.
New alliance in polymer research UK-based Materials Engineering Research Laboratories Ltd (MERL), which specialises in polymer research, and Rapra Technology Ltd have announced a strategic alliance. The deal is essentially a management buyout that gives the controlling interest in MERL to its own management and employees, with Rapra acquiring a 29% minority stake in the company. New appointments stemming from the deal include • Rapra chief executive officer, Dr Phil Extance, as non-executive member of the board; • Dr Rod Martin as chief executive officer;
• and both Dr John Harris and Mr Richard Shepherd to board directors. In contrast, Dr Andrew Stevenson, will step down as managing director. However, he will continue to support the alliance as an external consultant and a non-executive director. MERL is an independent research laboratory that is involved in the development and testing of materials such as elastomers, thermoplastics and fibre-reinforced composites for engineering applications in industries such as offshore, aerospace and automotive. Rapra Technology Ltd is an international organisation that provides industry with technology, information and Consultancy on all aspects of rubber and plastics.
Further support for ColtecJ Goodrich deal An arbitration panel set-up to assess the impact of the Cohec/BF Goodrich merger and the counter claims has decided that it will not issue an injunction stopping the merger. The panel found that the deal did not breach the alliance agreement between Coltec Industries and AlliedSignal. Mr Robert Tubbs, executive vice president and general counsel of Coltec, said that the company was pleased with the panel's decision, as it indicated that there was no conflict between the contract with AlliedSignal and its merger with BF Goodrich. He went on to say that now the Federal Trade Commission, Department of Defense and an arbitration panel have refused to block the merger, the only hurdle left was the resolution of the Indiana court case. Prior to this hearing, a Senate Antitrust, Business Rights and Competition Subcommittee meeting took placed, chaired by Ohio Senator Mike DeWine. He had expressed anti-trust and
employment concerns over the merger. However, following the hearing Terence Linnert, senior vice president and general counsel of BF Goodrich, released a statement saying that the company fully intended to complete the merger with Coltec Industries.
Customer initiative by Dana Corporation Dana Corporation's Engine Systems and Automotive Systems groups have announced an initiative to strengthen the company's relationship with its OEM customers. The first stage of the initiative involves the appointment of business development directors dedicated to the corporation's major global OEM customers. To date three appointments have been made and they are • Edward Kammann for DaimlerChrysler; • David Major for Ford and Mazda; • and Laurence Slevin for GM, Isuzu and Opel. The company intends to appoint more directors in the near future. Each business director will be responsible for coordinating on a global scale the full range of products, technologies and system capabilities across divisions and product lines that comprise the company's Engine Systems and Automotive groups. The former provides sealing, fluid system and engine products, while the latter produces axles, brakes and chassis systems, and a variety of modular assemblies.
Seal maker to fund US elastomer research Freudenberg-NOK's chairman and chief executive officer, Mr
SealingTechnologyNo.6/
l~Faimr.
: :
Mark H Purvis i Editors: , Heather Johnstone, Michael Comer v,~t,~o~
coo.i~mn
Neil Jones '
:
.....
w ~ i ~ v Adams (USA), Yves Bitembaut (F), : Cyril X Latty (r); i
am~t P~O-JK~,
i
JohnPlumtid~(UK), : [3 Richard F Salant (USA), X~olfgang Sch6ppldn (D); Nell M Wallace (UK)
No re~oonsibili~y is awumed by the Publisher j~r any injury and/or damage m penons or ~ as a matter of produ~ liabilit3 negligence or otherwise, or fizrm any use or
operation of any methods,products~ i~ns or ideas contained in the material herein.
USA: Tlfis publication has been registered with :the Copyright Cleat',race Center hc. Consent given for copying of artides for, personal or internal use, or for the personal use of specific clients. The consent is given on the condition that the copier pay~~ ~ - c o ~ li~ stated in the code on the front page for copying be;~nd that permitted by Sections 107 and 108 of the U S Copyright law. The appropriate fee should be forwarded -~th a copy:of each page reproduced t o the Copyright Clearance Center hc~ 222 Rosewood Drive, Danvers, MA 01923 USA. This consent does' not extend to other kinds of copying, such as for general distribution, resale, advertising and promotion purposes, or for creating n e w collective works. Special written permission must be obtained from the publisher for such copying. .
O2129
r~dby ~ P m e U K
(~
Burgmann's third venture in China Burgmann continues to expand in the Asian market, with the founding of a joint venture with Cixl Sealing Factory, based in the Zhejiang province of China. The Burgmann group has a 66.6% share in the venture, i representing an investment of i DM2 million. The remaining share i is held by Cixi Sealing Factory. The : newly formed company will operate : under the name Burgmann Sealing Material Co Ltd and concentrate :: on the development, manufacture and i marketing of packings and static : seals. It employs 181 people and is run by a local Chinese management : team including Li Xing He as : General Manger. Burgmann antic: i ipates that the company will make a turnover of approximately DM3.1 million in the first year. This deal marks the company's third operation in China, with the other two based in Dalian and Shanghai. Burgmann now has over 40 subsidiaries, joint ventures and associated manufacturers worldwide, with a workforce of 2700.
New alliance in polymer research UK-based Materials Engineering Research Laboratories Ltd (MERL), which specialises in polymer research, and Rapra Technology Ltd have announced a strategic alliance. The deal is essentially a management buyout that gives the controlling interest in MERL to its own management and employees, with Rapra acquiring a 29% minority stake in the company. New appointments stemming from the deal include • Rapra chief executive officer, Dr Phil Extance, as non-executive member of the board; • Dr Rod Martin as chief executive officer;
• and both Dr John Harris and Mr Richard Shepherd to board directors. In contrast, Dr Andrew Stevenson, will step down as managing director. However, he will continue to support the alliance as an external consultant and a non-executive director. MERL is an independent research laboratory that is involved in the development and testing of materials such as elastomers, thermoplastics and fibre-reinforced composites for engineering applications in industries such as offshore, aerospace and automotive. Rapra Technology Ltd is an international organisation that provides industry with technology, information and Consultancy on all aspects of rubber and plastics.
Further support for ColtecJ Goodrich deal An arbitration panel set-up to assess the impact of the Cohec/BF Goodrich merger and the counter claims has decided that it will not issue an injunction stopping the merger. The panel found that the deal did not breach the alliance agreement between Coltec Industries and AlliedSignal. Mr Robert Tubbs, executive vice president and general counsel of Coltec, said that the company was pleased with the panel's decision, as it indicated that there was no conflict between the contract with AlliedSignal and its merger with BF Goodrich. He went on to say that now the Federal Trade Commission, Department of Defense and an arbitration panel have refused to block the merger, the only hurdle left was the resolution of the Indiana court case. Prior to this hearing, a Senate Antitrust, Business Rights and Competition Subcommittee meeting took placed, chaired by Ohio Senator Mike DeWine. He had expressed anti-trust and
employment concerns over the merger. However, following the hearing Terence Linnert, senior vice president and general counsel of BF Goodrich, released a statement saying that the company fully intended to complete the merger with Coltec Industries.
Customer initiative by Dana Corporation Dana Corporation's Engine Systems and Automotive Systems groups have announced an initiative to strengthen the company's relationship with its OEM customers. The first stage of the initiative involves the appointment of business development directors dedicated to the corporation's major global OEM customers. To date three appointments have been made and they are • Edward Kammann for DaimlerChrysler; • David Major for Ford and Mazda; • and Laurence Slevin for GM, Isuzu and Opel. The company intends to appoint more directors in the near future. Each business director will be responsible for coordinating on a global scale the full range of products, technologies and system capabilities across divisions and product lines that comprise the company's Engine Systems and Automotive groups. The former provides sealing, fluid system and engine products, while the latter produces axles, brakes and chassis systems, and a variety of modular assemblies.
Seal maker to fund US elastomer research Freudenberg-NOK's chairman and chief executive officer, Mr
SealingTechnologyNo.6/