Dana Holding Corporation to Highlight India Operations, Technologies at 2008 International Suppliers Fair
Oct 29, 2008
TOLEDO, Ohio, Oct. 29 /PRNewswire-FirstCall/ -- Dana Holding Corporation (NYSE: DAN) will showcase advanced products and technologies at the fifth International Suppliers Fair (IZB) in Wolfsburg, Germany, Oct. 29-31, 2008.
This year IZB has selected India as its partner country, highlighting the significance of this emerging market in today's automotive industry.
Dana has had a presence in India since the 1960s, and a highlight of the Dana display at IZB will be a number of Dana products produced in India, including the rear axle and propshaft designed for Tata Motors' crossover vehicles and pickups. One of Dana's joint-venture partners, the Anand Group, will also exhibit in the Indian Pavilion.
"This year's IZB gives us the unique opportunity to showcase our product technology, while at the same time highlighting our capabilities in India," said Dana Chief Executive Officer Gary Convis. "Dana recognized the importance of the India market many years ago, and we are well positioned as a supplier to its expanding vehicle manufacturing industry."
Dana currently employs nearly 2,000 people at 12 facilities and technology centers in 10 cities in India. Dana and its joint venture affiliates operate state-of-the-art manufacturing facilities, supplying product to customers such as Ashok Leyland, Mahindra & Mahindra, and Tata Motors Limited. The operations include:
-- Spicer India Limited, a majority-interest joint venture with the Anand Automotive Systems established in 1993. The company manufactures axles, propshafts, and related components for the automotive and light-commercial- vehicle domestic and export markets;
-- Dana India Technical Centre, a world-class drivetrain research and development facility in Pune;
-- Axles India Ltd., a minority-interest joint venture with the TVS Group and Sundaram Finance that was acquired by Dana in the late 1990s. Axles India provides axle housings to Dana for its commercial-vehicle axle operations, as well as various Indian OEMs;
-- Dana India Private Ltd., a wholly owned operation in Pune that manufactures axles for the off-highway market; and
-- Victor Reinz India Ltd., a joint venture with the Jayant Group for the manufacture of Victor Reinz® sealing products in India. The facility will begin production of multi-layer steel cylinder-head gaskets, secondary gaskets, and heat shields for its Indian automotive customers in the first quarter of 2009.
Exhibiting at Hall 4 Stand 310, other Dana products on display will include:
-- Spicer® AdvanTEK® axles for front and rear applications, improving torque density; noise, vibration and harshness (NVH); and energy efficiency.
-- Spicer Life Series® propshafts for commercial and light vehicles - a series of propshafts that feature lighter weight components and improved durability and NVH performance.
-- Long® thermal-management products, featuring oil coolers and heat exchangers that help improve fuel economy, emissions, and assist in extending the life of a vehicle's engine, transmission, and cooling system.
-- Victor Reinz® high-performance cylinder-head and exhaust gaskets and heat-shields providing superior thermal and acoustical performance.
-- Parish® structural products, including the full-perimeter frame produced by Dana for the Chevrolet Corvette Z06, which features a number of innovative technologies contributing to weight reduction and structural integrity.
About Dana Holding Corporation
Dana is a world leader in the supply of axles; driveshafts; and structural, sealing, and thermal-management products; as well as genuine service parts. The company's customer base includes virtually every major vehicle manufacturer in the global automotive, commercial vehicle, and off- highway markets, which collectively produce more than 70 million vehicles annually. Founded in 1904 and based in Toledo, Ohio, the company employs approximately 32,000 people in 26 countries. In 2007, Dana reported sales of $8.7 billion. For more information, please visit http://www.dana.com/.Photo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA
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SOURCE: Dana Holding Corporation
CONTACT: Jeff Cole of Dana Holding Corporation, +1-419-887-3535,
Web site: http://www.dana.com/
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