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METALDYNE GETS LOI FROM HYUNDAI TO SUPPLY CONNECTING RODS.
(Full text of statement. Contact details below.)
PLYMOUTH, Mich., Aug. 29 PRNewswire-AsiaNet - Metaldyne announced today that Hyundai has awarded the company a contract to supply finished machined and assembled powder metal forged connecting rods for a future engine program.
Metaldyne will supply rods to Hyundai's assembly plant currently under construction in Alabama, as well as the company's facility in South Korea.
"Metaldyne's full-service manufacturing capabilities put us in a unique position to deliver cutting-edge engine solutions to our global customers," said George Thanopoulos, Engine Group president.
"Metaldyne has always been the leader in powder metal connecting rod technology, and we're now taking that one step further by providing fully machined and assembled connecting rods."
This contract marks the growing trend by automakers toward outsourcing more complex assemblies and modules to suppliers. In the past, Metaldyne supplied the connecting rods and OEMs performed the machining and assembly operations. Metaldyne is able to offer more ...
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