Keystone Automotive Industries Reports Fourth Quarter, Year-End Results
Keystone Automotive Industries has reported results for its fourth quarter and fiscal year, which ended on March 26. The company said it surpassed the $500 million sales milestone for the year. Keystone distributes products primarily to collision repair shops through 125 distribution facilities, located in 38 states and Canada. The company’s product lines consist of automotive body parts, bumpers and remanufactured alloy wheels, as well as paint and other materials used in repairing a damaged vehicle.
ArvinMeritor Introduces Gabriel ReadyMount Struts
ArvinMeritor’s Light Vehicle Aftermarket (LVA) group has unveiled a new line of Gabriel ReadyMount struts. The new struts, available through distributors, automotive supply retailers and installers nationwide, are pre-assembled with bumpers, strut mounts, coil springs and boots designed for fast and easy installation.
American Products Co. to be Featured Tonight on New TLC Show Overhaulin’
American Products Company (APC), a leading automotive aftermarket manufacturer of performance and accessory products, will be featured tonight, Tuesday, May 25, on an episode of the new TLC cable channel series “Overhaulin’.” Hosted by legendary fabricator Chip Foose, the show dupes unsuspecting vehicle owners by surreptitiously removing their vehicles and tricking them out without their knowledge. The vehicle is then returned to its owner during a surprise “reveal” in a completely modified, tricked, tuned and transformed configuration.
ThyssenKrupp Budd Names Three Corporate Vice Presidents
The Board of Directors of ThyssenKrupp Budd Co. has elected three new corporate vice presidents. Markus Boening has been named corporate vice president and CFO. He formerly served as director, corporate finance and controlling. He joined the company in December 2003 after serving as senior project manager in the Mergers & Acquisitions Department of ThyssenKrupp AG in Duesseldorf, Germany.
Alcan Opens First of Two North American Automotive Facilities
Automotive aluminium supplier Alcan Automotive has opened a new manufacturing facility in Novi, Mich. The new plant is first phase of Alcan’s North American expansion. A sister facility is also under construction in Saguenay, Quebec. Automotive aluminium supplier Alcan Automotive has opened a new manufacturing facility in Novi, Mich. The new plant is first phase of Alcan’s North American expansion. A sister facility is also under construction in Saguenay, Quebec. The two plants represent a $30-million investment to serve the growing lightweight structural sub-system market in North America, said Dale Ewing, general manager for Automotive Structures North America — part of Alcan’s Engineered Products group.
LKQ Corp. Announces First Quarter 2004 Results
LKQ Corp. has reported results for its first quarter, which ended on March 31. The company reported revenues of $100.1 million and net income of $5.6 million, representing growth over the first quarter of 2003 of 26.3 percent and 43 percent, respectively.
Automotive Supplier ThyssenKrupp Budd Names New President and CEO
ThyssenKrupp Budd Co., a leading components supplier to the automotive industry, has announced the appointment of Dietrich Zaps as president and CEO. Headquartered in Troy, Mich., ThyssenKrupp Budd produces sheet metal stampings and assemblies, chassis modules and frame components, composite autobody panels and pickup boxes, gray and ductile iron castings and bumpers. The company has more than $2.5 billion in sales and is part of the ThyssenKrupp Automotive Group whose annual revenues exceed $6 billion.
Cold Steel, Hard Times for Industrial Suppliers
On one hand, Ed Hoener is being forced to pay 30 percent more for cold-rolled steel since the start of the year. On the other are customers who won’t accept higher prices from Hoener, or fight him for months before finally paying.
Fusor Named Preferred Supplier by Keystone Automotive
Keystone Automotive has named Lord Corporation’s Fusor Automotive Repair Adhesives a preferred supplier. Fusor Automotive is a provider of metal and composite bonding solutions for automotive body repair. Lord Corp. provides its full product-line of Fusor Automotive Repair Adhesives to Keystone Automotive Industries, specifically their adhesives for metal bonding, plastic repair and bumper repair; as well as their seam sealers and foams. According to the Keystone supplier performance summary, Lord earned 100 points on a rating scale with a total possible 100 points. Program criteria included quality, order fill rate and order lead-time.