Dana Corporation to Assemble Off-Highway Transmissions and Axles in Hungary
17 December 2005 - 4:52AM
PR Newswire (US)
TOLEDO, Ohio, Dec. 16 /PRNewswire-FirstCall/ -- Dana Corporation
(NYSE:DCN) today announced it will begin assembling off-highway
axles and transmissions in Gyor, Hungary, in the first quarter of
2006. (Logo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA) The
company's new facility in Gyor will initially employ about 50
people in the assembly, testing, painting, and packaging of axles
and transmissions for agricultural and construction vehicles. These
products will support both European customers and export markets.
"Expanding our manufacturing footprint into countries such as
Hungary puts the capability and cost structure in place to support
Dana's business growth worldwide," said Dana Chairman and CEO Mike
Burns. "Most importantly, such operations strengthen our ability to
satisfy our customers' global requirements." "This particular plant
will facilitate the development of a supplier network in Eastern
Europe for the benefit of our off-highway customers globally," said
Rino Tarolli, president, Heavy Vehicle Technologies and Systems -
Europe. "Dana is investing judiciously in product development and
product manufacturing to sustain the solid momentum of its
off-highway business." Dana people design and manufacture products
for every major vehicle producer in the world. Dana is focused on
being an essential partner to automotive, commercial, and
off-highway vehicle customers, which collectively produce more than
60 million vehicles every year. A leading supplier of axle,
driveshaft, engine, frame, chassis, and transmission technologies,
Dana employs 46,000 people in 28 countries. The company is based in
Toledo, Ohio, and reported sales of $9.1 billion in 2004. Dana's
Internet address is: http://www.dana.com/.
http://www.newscom.com/cgi-bin/prnh/19990903/DANA
http://photoarchive.ap.org/ DATASOURCE: Dana Corporation CONTACT:
Chuck Hartlage of Dana Corporation, +1-419-535-4728, or Web site:
http://www.dana.com/ Company News On-Call:
http://www.prnewswire.com/comp/226839.html
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