Motion Industries Opens New Branch in Ponce, Puerto Rico.Business Editors BIRMINGHAM, Ala.--(BUSINESS WIRE)--June 26, 2001 Birmingham-based Motion Industries, Inc., the world's largest distributor of bearings; mechanical, electrical, and fluid power transmission replacement parts; and hose products, has opened a new branch in Ponce, Puerto Rico, according to Motion Industries President and 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. , Bill Stevens. The Ponce Centro Regional de Distribucion branch is located at Ave Santiago de Los Caballeros Santiago de los Caballeros (säntyä`gō dā lōs käbäyā`rōs), city (1993 pop. 364,859), N Dominican Republic, on the Yaque del Norte River. EDIF No. 4, SEC No. 6 and is managed by Rafael Benitez. "This branch reflects our ongoing commitment to meet the needs of our customers in Puerto Rico," said Stevens. Motion Industries has more than 500 operations across North America, including nine distribution centers, and serves industrial customers in the automotive, chemical, food, beverage, wood/lumber, iron, oil, pulp and paper, steel and textile industries. Well-known by industry leaders for providing high quality products and superior customer service, Motion Industries continues to be recognized with customer awards from many clients including General Motors and Bethlehem Steel. Motion Industries, Inc., with 2000 sales in excess of $2.34 billion, is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Genuine Parts Company Genuine Parts Company (NYSE: GPC) is a Fortune 1000 company that was founded in 1928. Based in Georgia and Alabama, the company employees 31,700 people. [1] (NYSE NYSE See: New York Stock Exchange :GPC). Visit our websites at www.motionindustries.com and www.motionmro.com. Contact us toll-free at 800/526-9328. |
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