Need Help? (888) 742-5060

In The News:

More From Mdm

The Timken Company sells Ashland Tooling plant

Dana Corp to close Muskegon, MI foundry

Dana Corporation, Toledo, OH, has signed a long-term agreement with Federal- Mogul Corporation to supply Dana with grey iron castings from its western Michigan facility. Grey iron castings are used in the manufacture of piston rings.

Consequently, Dana will close its Muskegon, MI., foundry operations. Production is expected to end in the third quarter of 2005, eliminating approximately 240 jobs.  This action will result in an after-tax charge of approximately $12 million, of which $11 million will be recorded in the fourth quarter of 2004.

"This decision was necessary due to the excess capacity for grey iron piston ring castings," said Mike Laisure, president of Dana's Automotive Systems Group.  "Our foundry is severely underutilized and no longer a viable operation.  This action will strengthen our overall competitiveness.

"Affected Dana employees will receive outplacement training and separation benefits.  We will do everything possible to support our people in their search for new employment," he added.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>

MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center