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ALLIEDSIGNAL AND GM IN CATALYST JOINT VENTURE

 DETROIT, Jan. 6 /PRNewswire/ -- AlliedSignal Inc. (NYSE: ALD) and General Motors (NYSE: GM) have reached an agreement to establish a joint venture to produce coated automotive catalytic converter substrates.
 Substrates carry the precious metal catalysts which promote the conversion of pollutants in the exhaust stream into harmless gases and water.
 "This joint venture is a great opportunity to grow the environmental catalyst business and better serve our customers around the world," said William Gruebel, vice president and general manager of AlliedSignal Environmental Catalysts. "This partnership will solidify our position as one of the leading producers of coated substrates in the world. It will strengthen our technology, increase our capacity utilization, and give us more flexibility to meet the needs of our customers."
 AlliedSignal will contribute its environmental catalyst business to the joint venture, which will carry the AlliedSignal Environmental Catalyst (ASEC) name. It has manufacturing plants in Tulsa, Okla.; San Luis Potosi, Mexico; and Florange, France.
 ASEC employs about 500 men and women. Its sales in 1992 were nearly $200 million to General Motors and other major vehicle manufacturers in the United States, Japan and Europe.
 General Motors' contribution includes coating-related technology, long-term supply contracts and other assets.
 GM will be represented in the joint venture by its AC Rochester Division, which has produced more than 115 million converters since GM introduced the exhaust emissions control device in 1974.
 "When you look at the catalytic converter value-added chain, AC Rochester is now the only converter supplier in the world capable of doing the necessary applications engineering, manufacturing the substrate, coating the substrate, and assembling (canning) the converter to meet customer requirements on a global basis," said Jan E. Tannehill, GM vice president and AC Rochester general manager.
 AC Rochester has concentrated much of its effort on applications engineering -- integrating the converter into a complete engine management system -- and converter assembly.
 It recently acquired the capability of producing ceramic substrates, through a license and technology agreement with Applied Ceramics, Inc. of Atlanta.
 "The transition to this joint venture will be virtually transparent to our customers," Gruebel added. "Combining these businesses gives us the technological leadership to help the global automotive industry comply with increasingly stringent emissions standards."
 While the venture agreement is subject to final approval by the boards of directors of AlliedSignal and GM, both companies believe the new company will be operational by April 1994.
 AlliedSignal Inc. is a $12 billion advanced manufacturing company serving customers worldwide with aerospace and automotive products, chemicals, fibers, plastics and advanced materials. AlliedSignal Engineered Materials is a leader in the worldwide automotive catalysts market. AlliedSignal Automotive is a major supplier of braking systems, safety restraint systems, turbochargers, filters and spark plugs, serving auto manufacturers and the independent aftermarket.
 -0- 1/6/94
 /CONTACT: William Corcoran of AlliedSignal, 201-455-6062; or Ken Cameron of General Motors, 313-257-7720/
 (ALD GM)


CO: AlliedSignal Inc.; General Motors ST: Michigan IN: AUT ENV SU: JVN

SM -- DE005 -- 6938 01/06/94 09:48 EST
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Publication:PR Newswire
Date:Jan 6, 1994
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