DaimlerChrysler Buys South African Foundry.DaimlerChrysler AG's Powertrain unit has acquired a foundry near Cape Town Cape Town or Capetown, city (1991 pop. 854,616), legislative capital of South Africa and capital of Western Cape, a port on the Atlantic Ocean. It was the capital of Cape Province before that province's subdivision in 1994. in South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. for $26.7 million from Atlantis Engine Corp. to produce cast iron for truck engine blocks, 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. Reuters. The acquired plant reportedly will produce 40,000 tons of cast iron/year in an effort to prevent production bottlenecks at DaimlerChrysler's Mannheim foundry in Germany. The facility employs 700 workers and is expected to generate exports worth $62 million in 1999. Powertrain produces and markets engines, transmissions, axles and steering wheels. The unit's biggest customers are Mercedes-Benz commercial vehicles assembly plants in Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). . As a result of the acquisition Powertrain's Mannheim plant reportedly will have capacity to develop new ferrous ferrous (fĕr`əs), iron in the +2 valence state. Containing or having to do with iron. The difference between ferrous and ferric is the number of valence electrons they contain (ferrous contains two and ferric contains three), which metal materials technology for cars and trucks. The Mannheim foundry employs 1100 people, produced more than 100,000 tons of cast products last year and generated revenues of $147 million in 1998, according to Reuters. |
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