Dana Corporation Celebrates Groundbreaking For Automotive Systems Group Technology Center
Oct 9, 2002
TOLEDO, Ohio, Oct. 9 /PRNewswire-FirstCall/ -- Dana Corporation (NYSE: DCN) today held a groundbreaking ceremony for its new Automotive Systems Group Technology Center. The facility, to be completed in November 2003, will be located on a 30-acre site near U.S. 23 and Maumee-Western Road in Monclova Township, southwest of Toledo, Ohio. (Photo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA ) The company announced in April that it would be constructing a new, state- of-the-art facility that would further integrate several of the company's most important product lines. The facility will house significant engineering, information technology, administrative, and sales and marketing functions from the company's light axle, driveshaft, and systems integration operations. Dana Chairman and CEO Joe Magliochetti said, "This project is an outstanding example of our efforts to better serve our customers through innovation and technology. We are particularly grateful to the many people at the state and local level who were instrumental in making today's groundbreaking possible. We experienced an unprecedented level of cooperation from all entities involved. Without their help and encouragement, this local facility would not have been possible." Bill Carroll, president of Dana's Automotive Systems Group, said, "By building this state-of-the-art facility here, we are expanding upon a solid base of automotive technology in the area. The facility will employ some 500 people, most of whom are involved in highly technical, future-oriented work on the behalf of Dana and its global customers. These are 'knowledge workers,' who will play an instrumental role in growing innovation and helping to make Dana a more successful company moving forward." The center will include 90,000 square-feet of design and development space and an additional 80,000 square-feet for offices and potential future expansion. It will feature: * An advanced prototype and manufacturing/assembly area; * Three-dimensional computer modeling and testing capabilities; and * Real-time video and network resources providing direct linkage to manufacturing facilities and customers. Toledo's largest company, Dana Corporation is a global leader in the design, engineering, and manufacture of value-added products and systems for automotive, commercial, and off-highway vehicle manufacturers and their related aftermarkets. The company employs approximately 70,000 people worldwide -- all dedicated to achieving innovation through close collaboration with customers. Founded in 1904, Dana operates hundreds of technology, manufacturing, and customer service facilities in 34 countries. The company reported sales of $10.3 billion in 2001.
SOURCE Dana Corporation
Web Site: http://www.dana.com
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