Federal-Mogul Corporation and Taiho Corporation of America, a wholly-owned subsidiary of Taiho Kogyo Co., Ltd., have agreed to establish a joint venture at an existing Federal-Mogul facility in Gordonsville, Tennessee, to produce engine gaskets for global vehicle manufacturers.

Federal-Mogul and Taiho each will own 50% of the joint venture, called TF Global Gaskets LLC (TFGG). TFGG will produce multi-layer steel (MLS) cylinder head gaskets, initially focusing on vehicle manufacturers in North America. The joint venture plans to begin shipping components to customers in December 2002.

The MLS technology is claimed to deliver enhanced performance, durability and engine cleanliness compared to conventional gaskets made of various composites.