Dana Corporation And Nippon Piston Ring To Support Growing Engine Cylinder Liner Business
Jan 20, 1998
TOLEDO, Ohio, Jan. 20 /PRNewswire/ -- Dana Corporation (NYSE: DCN) today
announced that it has expanded its relationship with Japanese engine parts
maker Nippon Piston Ring Co., Ltd. (NPR), to support growing engine components
business among Japanese automotive manufacturers with operations in North
America.
According to Tim Seffrin, Vice President - International, of Dana's
Perfect Circle Sealed Power Division, the two companies have entered into a
mutual technical assistance and marketing agreement. The agreement will
effectively support the engine cylinder liner needs of a number of Japanese
vehicle manufacturers, such as Toyota, Isuzu, Nissan, and Mazda, which have
operations in North America, Seffrin said.
"The need for engine cylinder liners among Japanese manufacturers with
operations in the United States continues to grow," Seffrin said. "Dana's
centrifugally-cast cylinder liner technology and NPR's machining expertise
combine to create a leading-edge engine components package that provides the
quality that vehicle manufacturers demand of today's engines."
This is the third agreement between NPR and Dana dating back to 1993. The
companies currently work together to supply cylinder liners to Toyota for the
production of V-6 engines at its Georgetown, Ky., manufacturing facility.
Dana Corporation is a global leader in the engineering, manufacture, and
distribution of products and systems for the automotive, heavy truck, off-
highway, engine, and industrial markets. It also operates Dana Commercial
Credit, a leasing services business. Founded in 1904 and based in Toledo,
Ohio, Dana operates facilities in 30 countries with more than 50,000 people.
Its 1996 sales were $7.7 billion. The Internet address for Dana's home page
is www.dana.com.
SOURCE Dana Corporation
CONTACT: Gary Corrigan of Dana, 419-535-4813
CNOC: http: //www.prnewswire.com or fax, 800-758-5804, ext. 226839
WEBSITE: http: //www.dana.com