Ingersoll-Rand Co. said it has acquired the stock of Superstav, spol. s.r.o., a manufacturer of compact tractor loader backhoes in Dobris, Czech Republic, and the stock of Earth Force America, Inc., Charleston, S.C. Earth Force America is the U.S. distributor of Superstav products, which are marketed under the Earth Force brand. The businesses will become part of IR's Bobcat unit. Terms of the transaction were not disclosed. Superstav employs approximately 200 in its design and manufacturing operations.
Oshkosh Truck Corp. said it will acquire Geesink Norba Group of the Netherlands for $127.5 million in cash as part of plans to expand its sale of waste disposal vehicles worldwide. Geesink manufactures garbage truck and other waste disposal vehicles. Headquartered in Emmeloord, Netherlands, the company has annual revenues of $120 million and sells it products through Europe and other parts of the world through a wholly owned distribution network.
Ford Motor Co. presented details of the first major expansion of its east London Dagenham plant in over 30 years -- a year after the U.S. automaker announced 1300 job cuts at the site. Last year, Ford said it would invest $500 million in diesel engine manufacturing at Dagenham, creating 500 new jobs. The move coincided with Ford's decision to end car production at the site. The company said Dagenbam's new "Clean Room'" diesel manufacturing facility would boost diesel engine production at the plant from current levels of 650,000 units per year to 900,000 units per year by 2004.
Ford also announced it has awarded Tupy Fundicoes of Brazil, an iron foundry, and the high-tech Swedish company SinterCazst, the production contract for the compacted graphite iron (CGI) cylinder block of its new V6 diesel engine. The 2.7 L engine is reported to be the first volume engine produced with a compacted graphite iron cylinder block. The engine satisfies Euro IV (2005) emissions requirements and, assisted by the stronger CGI engine material, has the potential to be equally compliant with Euro V (2008) legislation. Scheduled to begin production during 2003, the new engine will become the range-topping powerplant in the combined Ford-PSA (Peugeot-Citroen Group) global diesel engine strategy Target applications include Jaguar, PSA, Land Rover and Ford vehicles.
Denso Corp., announced that it has changed the name of its newly acquired subsidiary, Magneti Marelli Climatizzazione S.p.A in Poirino, Italy, to Denso Thermal Systems S.p.A. (DNTS). Acquired by Denso last March, the company formerly was the thermal systems unit of Magneti Marelli S.p.A. The new name finalizes the acquisition in the European marketplace. With production facilities in Italy, Poland, Portugal, Argentina, Brazil and India. In Europe, DNTS sells products to car manufacturers including Fiat, Peugeot and Renault. By December 31, 2001, Denso will rename two other newly acquired Magneti Marelli companies: Magneti Marelli Thermal Systems Poland Sp.z.o.o. in Tychy, Poland, will change to Denso Thermal Systems Polska Sp.z.o.o.; and Magneti Marelli Denso SA. in Cordoba, Argentina, will become Denso Manufacturing Argentina S.A. Also by the end of this year, Denso will consider renaming additional acquired Magneti Marelli thermal systems companies in Portugal, Brazil and India.
Denso also announced the production of its 200 millionth instrument cluster at the company's Takatana Instrument Cluster Plant in Anjo, Aichi, Japan.
Pinguely-Haulotte Group, a manufacturer of aerial work platforms, has signed a dealership agreement with the Finland producer Dino Lift for trading trailer-mounted platforms in France, Italy and Portugal. This rounds out Pinguely-Haulotte's range with seven models that provide working heights from 32 to 85 ft. The recent integration of ABM company into the group -- widening the range of products with vertical masts -- and now this new agreement gives Pinguely-Haulotte a range that includes as many as 40 models.
The MAN Nutzfahrzeuge AG Group has founded importing and sales companies in Malaysia and South Korea. MAN Truck & Bus Malaysia was opened in Kuala Lumpur, Malaysia. In addition, the MAN importer in Hong Kong, Regal Motors, put its new sales organization into effect.
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