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GENERAL MOTORS FORMS HUNGARIAN JOINT VENTURE TO PRODUCE SPARK PLUGS

 GENERAL MOTORS FORMS HUNGARIAN JOINT VENTURE TO PRODUCE SPARK PLUGS
 FLINT, Mich., Dec. 10 /PRNewswire/ -- General Motors (NYSE: GM) and a Hungarian automotive components firm, Bakony Works for Metal and Electrical Equipment, have formed a joint venture to produce spark plugs in Hungary.
 The agreement was signed today (Dec. 10) in Budapest, Hungary, by GM and Bakony officials. It is the third joint venture in Hungary established by GM in recent months.
 General Motors Hungary, a joint venture with RABA, the state-owned automotive manufacturer, will begin production of 1.6-liter engines and assembly of Opel Astra cars next year. GM's Packard Electric-Europe unit has formed a joint venture with Villszov, a Hungarian firm, to manufacture automotive wiring systems.
 Bakony has supplied spark plugs and spark plug components to AC Rochester Division, a member of GM's Automotive Components Group- Europe (ACG-E), for more than four years.
 The joint venture firm, AC Bakony Kft., will be 51-percent owned by General Motors. Zsigmond Goz, who has been plant manager of Bakony's Spark Plug and Ceramics Division, will direct the joint venture firm. He will report to a board of directors representing GM and Bakony.
 AC Rochester will provide engineering and technology support for AC Bakony.
 AC Bakony will manufacture spark plugs for GM and non-GM customers in Hungary and other Eastern European markets and will also be a source for plugs for Western European automakers and non-automotive markets in North America.
 AC Bakony will have capacity to produce 20 million spark plugs annually. Bakony has been producing about 5 million spark plugs a year at its plant in Veszprem, about 100 miles southwest of Budapest. AC Bakony will continue to market the Bakony line of plugs as an alternative, low-cost product in Eastern European markets.
 Jan Tannehill, AC Rochester general manager, said the division is phasing out spark plug production at Gennevilliers, France, near Paris, to make room for manufacture of catalytic converters.
 Tannehill said expansion of catalytic converter production into Gennevilliers will boost AC Rochester's European converter production capacity by 35 percent.
 AC Rochester began manufacturing catalytic converters at its plant in Southampton, England, in 1986. The Southampton plant produced its 1 millionth converter in 1989. An AC Rochester stamping plant at Gennevilliers will supply stainless steel exterior shells for both converter assembly plants.
 AC Rochester is the world's largest volume producer of automotive catalytic converters and has been a pioneer in the development of converter technology.
 AC Rochester has manufactured more than 100 million of the emission control devices and builds about 8 million converters each year in plants in the United States, Australia, South Korea, England and France.
 -0- 12/10/91 R
 /CONTACT: Daniel L. Dolan of AC Rochester Division - General Motors, 313-257-7723/
 (GM) CO: General Motors Corporation; Bakony Works for Metal and Electrical
 Equipment; AC Bakony Kft.; AC Rochester Division ST: Michigan IN: AUT SU: JVN


KD -- DE012 -- 1066 12/10/91 13:52 EST
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Publication:PR Newswire
Date:Dec 10, 1991
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