Dana Emerson Actuator Systems Begins Production in Eastern Europe
18 Oktober 2004 - 5:45PM
PR Newswire (US)
Dana Emerson Actuator Systems Begins Production in Eastern Europe
TOLEDO, Ohio, Oct. 18 /PRNewswire/ -- Dana Corporation (NYSE:DCN)
announced today that its joint venture with Emerson Electric has
begun volume production for multiple products at its new
manufacturing facility in Nove Mesto nad Vahom, Slovakia. (Logo:
http://www.newscom.com/cgi-bin/prnh/19990903/DANA ) The joint
venture, Dana Emerson Actuator Systems (DEAS), was established in
January 2003 to provide electric power-assist steering (EPS) and
electro-hydraulic power-assist steering (EHPS) components to major
Tier 1 steering suppliers globally. The manufacturing facility
produces electric motors and integrates the motor control
electronics -- incorporating DEAS's proprietary motor and controls
technology -- for EPS and EHPS components. Production at the
facility is expected to exceed two million units annually, and the
facility is expected to employ up to 300 people by the end of 2005.
"This joint venture facility represents an important step in
further strengthening Dana's manufacturing presence in Eastern
Europe -- an area we consider key to our future growth," said Dana
Chairman and CEO Michael J. Burns. "We are pleased to have Emerson,
a global leader in electric motors, as a partner in this venture."
The DEAS facility in Slovakia is a key European element of a global
manufacturing and engineering network designed to support the
demand for EPS and EHPS components throughout the world. DEAS will
support North American and Asian markets through manufacturing
facilities in Mexico and China. Technical and engineering support,
including advanced engineering and design, is provided by
facilities in Ottawa Lake, Mich.; St. Louis, Mo.; and Andover,
England. "This joint venture adds to Dana's global manufacturing
footprint in a very important market," said Charles F. Heine,
Dana's president of technology development and diversified
products. "Our engineering teams are working around the world to
bring electronic power-assist steering components to the
marketplace, and we are now positioned for manufacture wherever our
customers need us." About Emerson St. Louis-based Emerson (
http://www.gotoemerson.com/ ) is a global leader in bringing
technology and engineering together to provide innovative solutions
to customers in process control; electronics and
telecommunications; industrial automation; heating, ventilating and
air conditioning; and appliance and tools. Sales in fiscal 2003
were $14 billion. About Dana Dana Corporation is a global leader in
the design, engineering, and manufacture of value-added products
and systems for automotive, commercial, and off-highway vehicles.
Delivering on a century of innovation, the company's continuing
operations employ approximately 45,000 people worldwide dedicated
to advancing the science of mobility. Founded in 1904 and based in
Toledo, Ohio, Dana operates technology, manufacturing, and
customer-service facilities in 30 countries. Sales from continuing
operations totaled $7.9 billion in 2003. 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:
Gary Corrigan of Dana Corporation, +1-419-535-4813, or Web site:
http://www.dana.com/ http://www.gotoemerson.com/ Company News
On-Call: http://www.prnewswire.com/comp/226839.html
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