Dana Corp. to sell light-duty cylinder liner business. (Industry News).Dana Corp., Toledo, Ohio
As soon as the transaction is complete, Dana will close its Perfect Circle liner machining plant in Richmond, Indiana Richmond (IPA: [ˈrɪtʃ.mənd]) is a city in east central Indiana, which borders Ohio. It is sometimes called the "cradle of recorded jazz" because some early jazz records originated there at the studio of , and will discontinue dis·con·tin·ue v. dis·con·tin·ued, dis·con·tin·u·ing, dis·con·tin·ues v.tr. 1. To stop doing or providing (something); end or abandon: liner casting and machining at its Richmond and Muskegon, Michigan Muskegon (mus-kēg'n) is a city in the U.S. state of Michigan. As of the 2000 census, the city population was 40,105. The city is the county seat of Muskegon County, Michigan6. foundry operations. "Although we recognize that this is a difficult decision, it is nonetheless a vital step toward enhancing Dana's competitive stance," said Mike Laisure, president of Dana's engine and fluid management group. "By helping to reduce fixed investment and improve asset utilization, these actions will serve us well in the future." Dana Corp. is a supplier of components, modules and complete systems to global vehicle manufacturers and their related aftermarkets. Dana operates approximately 300 major facilities in 34 countries, employing 70,000 people. |
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