USA: American Axle secures new OEM business
American Axle & Manufacturing Holdings has won new metal-formed products business worth annualised revenue of more than $US63 million. The new business is part of the $1 billion in future annual sales announced by AAM on January 13, 2005.
This new business includes raw forgings, fully machined transmission components, new technology forgings with net-formed splines and features, as well as closed die flashless forgings. Some of the new programmes began launching in 2004 and the launch process will continue through 2006.
"This new business represents an international expansion of our customer base as well as the first application of new metal-formed products technology," said metal formed products division president Richard Dauch.
"Components will be shipped to multiple OEMs in the U.S.A., as well as European and Asian customers. The fact that four of our forged and machined components will be exported from one of our facilities in the United States to a European customer, confirms the world-class competitiveness of our products. We plan to build on these important new customer relationships by introducing a wider range of our metal-forming capabilities and value-added product offerings to these markets in the future."