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CLOYES GEAR, IWIS CHAINS FORM DETROIT-AREA-BASED JOINT VENTURE TO PRODUCE CAM DRIVE SYSTEMS

 CLOYES GEAR, IWIS CHAINS FORM DETROIT-AREA-BASED JOINT VENTURE
 TO PRODUCE CAM DRIVE SYSTEMS
 TROY, Mich., Feb. 21 /PRNewswire/ -- Cloyes Gear & Products of Willoughby, Ohio, and Iwis Chains of Munich, Germany, have formed a joint-venture company, Cloyes-Iwis, to provide North American auto manufacturers with world-class cam drive systems and concept-through- production engineering support.
 The announcement was made by Cloyes-Iwis President Dr. Uwe Grunberg.
 Cloyes-Iwis draws expertise from Cloyes Gear, a leading supplier of cam drive sprockets and gears, and Iwis Chains, Europe's foremost manufacturer of automotive timing chains and chain control devices.
 "By combining the strengths of Cloyes Gear and Iwis Chains, we can offer our customers the highest quality cam drive systems available anywhere in the world," said John M. McNamara, executive vice president of Cloyes-Iwis. "And with our Engineering and Design Center in Troy, proximity to Detroit OEMs will enhance our responsiveness, particularly in the critical, early stages of engine development."
 Engineers at the Cloyes-Iwis Engineering & Design Center in Troy are capable of developing cam drive systems using CAD technology, producing prototypes and testing systems.
 According to McNamara, plans for the joint venture include the construction of a manufacturing facility in Subiaco, Ark.
 Munich-based Iwis, recognized in Europe and around the world as a quality chain manufacturer, produces camshaft drive chains, oil pump and water pump drive chains, balance shaft drive chains and chain guides and tensioners.
 Cloyes Gear & Products is a full-service supplier of high-quality camshaft and crankshaft sprockets, distributor drive gears and balance shaft gears to the automotive OEM market. Headquartered in Willoughby, Cloyes Gear has 500 employees at production facilities in Arkansas and Oklahoma and an OEM sales office in Troy, to serve automakers and tier- one suppliers based near Detroit.
 -0- 2/21/92
 /NOTE: Cloyes-Iwis will make its industry debut with an exhibit at next week's Society of Automotive Engineers International Congress & Exposition in Detroit's Cobo Center, booth 4114. CONTACT: James D. Young of Cloyes-Iwis, 313-952-5420/ CO: Cloyes Gear & Products; Cloyes-Iwis; Iwis Chains ST: Michigan, Ohio IN: AUT SU: JVN


DH -- DE001 -- 1244 02/21/92 08:12 EST
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Publication:PR Newswire
Date:Feb 21, 1992
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