ASF-Keystone to manufacture rail suspension system.ASP-Keystone (Amsted Industries), Chicago, Illinois Illinois, river, United States Illinois, river, 273 mi (439 km) long, formed by the confluence of the Des Plaines and Kankakee rivers, NE Ill., and flowing SW to the Mississippi at Grafton, Ill. It is an important commercial and recreational waterway. , has acquired the rights to manufacture swing motion design suspension systems Noun 1. suspension system - a mechanical system of springs or shock absorbers connecting the wheels and axles to the chassis of a wheeled vehicle suspension for railroad railroad or railway, form of transportation most commonly consisting of steel rails, called tracks, on which freight cars, passenger cars, and other rolling stock are drawn by one locomotive or more. freight cars from Meridian Meridian (mərĭd`ēən), city (1990 pop. 41,036), seat of Lauderdale co., E Miss., near the Ala. line; settled 1831, inc. 1860. Rail, Birmingham, Alabama Birmingham (pronounced [ˈbɝmɪŋˌhæm]) is the largest city in the U.S. state of Alabama and is the county seat of Jefferson County. . Swing motion is a high performance truck for railroad freight cars that is widely used for the transportation of automobiles and other laden sensitive products such as paper-rolls for the printing industry. "Our agreement to acquire select Meridian railroad products assets was the result of Meridian's decision to exit the rail products segment of the business so that Meridian could concentrate on its other rail services," said John Wories, president of ASF-Keystone. "ASF-Keystone's ability to manufacture swing motion tracks will provide the industry with an established domestic source for this critical product line." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Wories, the company would also like to broaden the application of swing motion technology to other car types in the future. "One of our goals with the acquisition is to expand its use beyond the automobile and paper industry so that more industries can benefit from the many advantages it has to offer almost any product or commodity." In order to help manufacture these components, ASF-Keystone has acquired an interest in two Chinese joint ventures. These consist of Zhuzhou Foundry A semiconductor manufacturer that makes chips for third parties. It may be a large chip maker that sells its excess manufacturing capacity or one that makes chips exclusively for other companies. in the Hunan Province, a manufacturer of railroad side frames and bolsters (including the swing motion truck) and Datong Locomotive Works in the Shanxi Province, a manufacturer of cast steel railroad wheels. The acquisition of the joint ventures is designed to provide the growing Chinese markets with a continued source of swing motion trucks and cast steel wheels. The acquisition will also provide the two Chinese foundries with technical support from the Amsted Rail Group. "We have further broadened our product line in order to better meet the diverse needs of the industry," Wories said. "The acquisition of swing motion is another step for ASF-Keystone to provide product solutions to meet any industry need." |
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