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MILFORD FABRICATING FORMS JOINT VENTURE WITH ENGINEERING TECHNOLOGY OF TROY

 DETROIT, Jan. 28 /PRNewswire/ -- Milford Fabricating Company of Detroit, a subsidiary of The Budd Company, has announced the formation of E.T.M.F., Inc., a joint venture company with Engineering Technology Ltd. of Troy, Mich.
 The joint venture company, which operates as E.T.M.F., Inc., will utilize the design and prototype capabilities of Milford Fabricating and Engineering Technology to become a full service supplier.
 The new company is able to take an automaker's specifications for a future vehicle, design it and build a running prototype. The venture benefits the automotive manufacturers by offering them one-stop shopping.
 "In the auto industry today, the Big Three are looking to "grey box" increasing amounts of their work. They want suppliers to do everything from the design work to the construction of driveable prototype vehicles," said John Edwards, president and chief operating officer of Milford Fabricating.
 "Engineering Technology and Milford Fabricating have worked together harmoniously on various programs," noted James Kidd, president and chief operating officer of Engineering Technology. "The joint venture expands both companies' sales abilities and opens new doors to customers we have not dealt with in the past."
 Milford Fabricating is a leading automotive prototype firm, generally considered to be the largest independent operation of its kind in North America. Engineering Technology has been a major automotive design and engineering company for 20 years. Its primary customers are Chrysler Corp., Ford Motor Co. and General Motors Corp.
 The Budd Company, of Troy, is a leading supplier to the automotive industry.
 -0- 1/28/93
 /CONTACT: Paul Sichert Jr. of The Budd Company, 313-643-3520/


CO: The Budd Company; Milford Fabricating Company; Engineering
 Technology Ltd. ST: Michigan IN: AUT SU: JVN


JG-SM -- DE011 -- 0196 01/28/93 11:17 EST
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Publication:PR Newswire
Date:Jan 28, 1993
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