Accra in Agreement With Pullman of the US.Business Editors OJEBYN, Sweden--(BUSINESS WIRE)--Oct. 9, 2001 -- Accra Teknik AB has signed a contract with Pullman Pullman. 1 Former town, since 1889 part of Chicago, Ill. It was founded in 1880 by George M. Pullman as a model community for workers of his sleeping-car company; all property was company owned, and administration policies were paternalistic. Industry Inc., worth at least SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 95 m. -- The deal gives Pullman exclusivity on specific Accra product areas. -- The deal marks a breakthrough for Accra on the US market. Accra Teknik AB has signed a contract with US sub-contractor Pullman Inc., a SEK 95 m deal that the Swedish enterprise has been working on for three years. Accra has patented processes and possesses unique methods for roll-forming and hardening hardening, in metallurgy, treatment of metals to increase their resistance to penetration. A metal is harder when it has small grains, which result when the metal is cooled rapidly. steel. The resulting high- strength, lightweight, roll-formed steel extrusions are specifically suitable as safety components for the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. . Example products include roll bars, side-impact protection and car bumpers. Accra's headquarters are in Ojebyn, northern Sweden; the enterprise currently has 20 staff with estimated sales of SEK 20 m in 2001. Pullman Industry Inc. was founded in 1950 in Michigan Michigan (mĭsh`ĭgən), upper midwestern state of the United States. It consists of two peninsulas thrusting into the Great Lakes and has borders with Ohio and Indiana (S), Wisconsin (W), and the Canadian province of Ontario (N,E). , US and is a specialist supplier of roll-formed extrusions to the US automotive industry; it has estimated revenues of over SEK 1.4 bn this year. This new agreement applies to cars, conferring Pullman exclusive rights to specific Accra products for a limited period. Accra will also retain the option to sell directly to the US market, and in this context, the truck market is particularly promising. Accra has also secured volume orders from Volvo and Porsche in 2001; this latest deal means that Accra is now progressing towards establishing a presence in the US. Goran Berglund, Accra's Senior Technology Manager, commented: "This further colloborates that the automotive industry finds Accra's technology attractive." Accra Teknik AB's Chief Executive, Bernt Lindback, commented: "Accra is in a highly expansive phase; this deal with Pullman implies the rapid release of our unique products on the US market." Del Stanley, Pullman Industries, Inc.'s CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , responded: "Pullman's commitment signals a sustained robust expansion initiative. We see very substantial market potential for Accra's products, and are looking forward to active participation in the development of this technology." About Accra Teknik AB Accra, with registered offices in Ojebyn, northern Sweden, utilises unique methods to shape and harden hard·en v. hard·ened, hard·en·ing, hard·ens v.tr. 1. To make hard or harder. 2. To enable to withstand physical or mental hardship. 3. steel; the resulting roll-formed steel extrusions are strong in relation to their weight, and are particularly suited as safety components for the automotive industry. Apart from its founders, Accra's major owners are international investment corporation 3i, the Swedish Industrial Development Fund, and the Swedish Metalworkers' Union The Swedish Metalworkers' Union (Metall) was a trade union in Sweden. It was formed in 1888 and had a membership of 379,000. In January, 2006 the Swedish Metalworkers' Union merged with the Swedish Industrial Union to form IF Metall. , through its investment enterprise, Metallica. |
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