Noble International's Noble Metal Processing company to Produce Front and Rear Door Inners For Ford Motor Company.BLOOMFIELD HILLS, MI--(BUSINESS WIRE)--Aug. 19, 1998--Noble Metal Processing, Inc. (NMP NMP New Millennium Program (NASA) NMP National Military Park (National Park Service) NMP N-Methylpyrrolidone NMP Network Management Protocol NMP Not My Problem ), a subsidiary of Noble International, Ltd. (AMEX AMEX See: American Stock Exchange :NIL) announced today that it received a letter of intent to produce tailored laser welded blank front and rear door inners for the 2001 Ford Explorer
The Ford Explorer is a mid-size sport utility vehicle sold in North America and built by the Ford Motor Company since 1990. and Mercury Mountaineer The Mercury Mountaineer is a near-luxury SUV manufactured by the Mercury brand name and owned by the Ford Motor Company. The Mountaineer shares many features with the Ford Explorer, and in terms of hardware, the vehicles are virtually identical. . The company has also announced plans to open a third laser welded blanking facility to support production of the door inners. NMP is scheduled to begin production of the door inners in June, 2000. Ford Motor Company expects the yearly volume to reach 479,000 vehicles. NMP expects annual revenue to increase over $9,000,000. The new facility is planned to be built in the Southern Ohio/Kentucky/Indiana area in order to reduce shipping costs to the stamping facility, which is located in Shelbyville, Kentucky. Commenting on this arrangement with Ford Motor Company, John Baysore, 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. of NMP, said, "Our proprietary technology and value-added solutions approach to our Tier I and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers make us the partner of choice for the production of these laser welded blank door inners. We are already successfully working with Chrysler, for whom we provided a satellite facility in Canada in 1997. We are very excited about this partnership with Ford and look forward to offering similar arrangements with other Tier I suppliers and OEMs in the future." Noble International, Ltd. is a leading Tier II full-service supplier of automotive parts, component assemblies and value-added services to the automotive industry. As a Tier II supplier, Noble provides design, engineering, manufacturing, complete program management and other services to the automotive market. Noble delivers integrated component solutions, technological leadership and product innovation to original equipment manufacturers (OEMs) and Tier I automotive parts suppliers thereby helping its customers increase their productivity while controlling costs. Certain statements in this news release may be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933. Statements regarding future prospects and developments are based upon current expectations and involve certain risks and uncertainties that could cause actual results and developments to differ materially from the forward-looking statements. CONTACT: Noble International, Ltd., Bloomfield Hills Michael Azar, 248/433-3093 or The Krantz Krantz is the name of two persons:
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Melissa Krantz, 212/891-7235 mkrantz@krantzgroup.com |
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