Alcoa Acquires Remaining 50% Interest in A-CMI From Hayes Lemmerz.PITTSBURGH, Pa. and NORTHVILLE, Mich.--(BUSINESS WIRE)-- Aug. 2, 1999-- Alcoa Inc. and Hayes Lemmerz International, Inc. announced today that Alcoa has acquired the remaining 50% interest in A-CMI from Hayes Lemmerz. A-CMI is a joint venture formed in 1995 between Alcoa and CMI (Computer-Managed Instruction) Using computers to organize and manage an instructional program for students. It helps create test materials, tracks the results and monitors student progress. International to produce cast aluminum products 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. . Hayes Lemmerz purchased CMI International in February 1999. Terms of the purchase agreement were not disclosed. A-CMI has operating locations in Kentucky, Michigan and Lista, Norway. Current employment is approximately 900. Alcoa is the world's leading producer of primary aluminum products, fabricated fab·ri·cate tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates 1. To make; create. 2. To construct by combining or assembling diverse, typically standardized parts: aluminum products and alumina. The company serves customers worldwide in the packaging, aerospace, construction and automotive industries Automotive Industries, Ltd. (Hebrew: תעשיות רכב נצרת עלית, תע"ר . Its automotive products include design and engineering of lightweight structures as well as cast, extruded, forged and sheet components. Hayes Lemmerz is one of the world's leading global suppliers of automotive and commercial highway wheels, brakes, suspension, structural and other lightweight components. The company has pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma sales of close to $2.5 billion with 40 plants, eight joint venture facilities and 15,000 employees worldwide. |
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