Wescast To Exit Chassis Business

Wescast Industries Inc., one of the world's largest suppliers of exhaust manifolds for passenger cars and light trucks, has announced it is exiting the chassis business, which it currently operates out of a facility in Cordele, Ga. Wescast recently undertook a new global strategy focusing on its core competencies in making powertrain components. The company sees potential to expand this segment of the business by following its customers into the European and Asian marketplaces, according to Ed Frackowiak, Chairman and CEO.

BRANTFORD, Ontario — Wescast Industries Inc., one of the world’s largest suppliers of exhaust manifolds for passenger cars and light trucks, has announced it is exiting the chassis business, which it currently operates out of a facility in Cordele, Ga.

Wescast recently undertook a new global strategy focusing on its core competencies in making powertrain components. The company sees potential to expand this segment of the business by following its customers into the European and Asian marketplaces, according to Ed Frackowiak, Chairman and CEO.

“In view of our commitment to the global powertrain strategy, it was time to make a decision about the Cordele operation, which has been struggling for some time,” said Frackowiak “We need to focus all of our resources on the development and execution of our global powertrain strategy.”

The company said it will continue to support its chassis customers as it evaluates all alternatives for exiting the chassis business.

For more information about Wescast, go to: www.wescast.com.

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