Dana's Wix Filtration Products Division To Establish First European Operation With Joint Venture In Poland
Mar 5, 1997
TOLEDO, Ohio, March 5 /PRNewswire/ -- The Wix Filtration Products Division of Dana Corporation will establish its first manufacturing operation in Europe with the formation of a joint venture company with Przedsiebiorstwu FILTRON in Gostyn, Poland. The joint venture will also mark Dana's first operation in Central Europe. Pending government approvals, Dana will ultimately hold a 75-percent equity position in the new company, to be called Wix-Filtron, according to Gus Franklin, president of Dana Europe, and Richard B. Forde, group vice president for the Wix Filtration Products Group. FILTRON currently holds the number-two market position for filters in Poland and produces a broad line of automotive oil, air, fuel and cabin air filters for the Polish market. The company also exports to several countries in Central and Western Europe. Sales in 1997 are expected to exceed $17 million. Located in Poland's Leszno region, between Warsaw and Berlin, FILTRON was founded in 1982 by Piotr Giermaziak, who will become president and general director of Wix-Filtron. The company employs 230 people. "We are delighted with the prospect of welcoming Wix-Filtron to Dana's rapidly growing filtration products family," said Forde. "Combining the FILTRON team with the technology and resources of Wix and Dana's other European activities in sealing products, plastics and distribution will give us the potential to serve all segments of the European automotive market. The economic growth in Central Europe is enormous, and we're excited to be part of it." "Wix-Filtron will be an excellent strategic investment for Dana," Franklin said. "It will give us a manufacturing base in Central Europe for expanding our core filtration products business throughout the continent, where we will then be able to provide an underhood air delivery system," he said. "And this joint venture will also help us expand other Dana core businesses from Western Europe into the central and eastern regions." "Wix and FILTRON are logical partners for a joint venture," Giermaziak said. "We visited several Dana operations in Europe and the United States and were impressed with the company's emphasis on technology and its commitment to global growth," he explained. "And we think the Dana Style of Management provides a great opportunity for the development of FILTRON people. Our people built the company into what it is today, and they are ready to take Wix-Filtron to new levels of success." Dana Corporation is a global leader in the engineering, manufacture and distribution of products and systems for the vehicular, industrial and off-highway markets. Its core businesses are axles, driveshafts, structural components (frames), sealing products, filtration products, off-highway components, engine products, industrial products and leasing. Its leasing services operation was a recipient of the 1996 Malcolm Baldrige National Quality Award. Founded in 1904 and based in Toledo, Ohio, Dana operates facilities in 30 countries with more than 48,000 people. Its 1996 sales were $7.7 billion. It has more than 40 product research and development centers worldwide. The Internet address for Dana's home page is: http://www.dana.com. SOURCE Dana Corporation CONTACT: Gary Corrigan, Director-Corporate Communications, of Dana Corporation, 419-535-4813