Grote Unveils New Product and Technology Information System for Distributors and Installers
Grote Industries has launched a new set of catalogs and training materials for distributors and installers. The new system contains information about the company’s products and underlying technology, including information to facilitate product specification, selection, installation and troubleshooting.
DENSO Earns 2004 Climate Protection Award from EPA
The U.S. Environmental Protection Agency (EPA) has awarded its 2004 Climate Protection Award DENSO Corp., Toyota Motor Corp. and Toyota Industries Corp., which together comprise the Electrical Inverter Air Conditioning Team. The team developed an electrical inverter air conditioning system that provides cooling for the new 2003 Toyota Prius during “idle” stop when the engine shuts down to save fuel and emissions. The team was one of 12 organizations and individuals to receive the award.
Metaldyne Launches Internal Inquiry
Auto supplier Metaldyne Corp. has launched an internal investigation into questionable accounting practices for the last seven years that could have resulted in overstating the company’s earnings by $20 million. The error was followed by a cover-up to balance the books, the company said.
Executive Interview with Joe Puishys, President of Honeywell Friction Materials
Our latest edition of “Executive Interview” features Joe Puishys, president of Honeywell Friction Materials. A 25-year veteran of the company’s automotive businesses, Joe Puishys has served as president of Honeywell Friction Materials since early 2002. His responsibilities include overseeing the most recent corporate effort to align closely with Honeywell’s business initiatives and operating plan. He has already played a major role in the cost cutting and six sigma programs occurring throughout the organization. Join us as Puishys gives us an update on Honeywell Friction Materials, including plans to expand manufacturing operations and launch new products.
ASC Promotes Blackerby to COO
ASC Industries, Inc., has promoted William Thomas (Tom) Blackerby Jr. to COO. Prior to this promotion, Blackerby served as executive vice president and CFO for the company. In this new role, Blackerby will assume a more active role in the management of ASC’s Asian facilities and original equipment manufacturing sales efforts.
Federal-Mogul and Champion Brands Strike Multi-Year Licensing Deal
Federal-Mogul Corp. and Champion Brands, LLC have announced a long-term licensing agreement adding the Champion “Bow Tie” logo to a line of performance additives for automotive, heavy truck, marine and specialty industries. The new products are in addition to the full line of performance additives and lubricants Champion Brands currently manufactures. The new line will be targeted to national accounts and mass merchants channels.
High Schoolers Earn Certifications from Industry
A diploma isn’t the only important document that some students have in hand when they graduate from high school these days. A growing number of students, educators say, are graduating with specific, industry-defined skills certifications that can have immediate value in the job market. Industries in which such certification is available include computer maintenance, automotive repair, nursing, graphic arts and food service.
Cooper Tire & Rubber Reports Increased Earnings, All-Time Record Sales
Cooper Tire & Rubber has reported all-time record high sales of $967 million, as well as a 20 percent increase in net income for the quarter which ended Dec. 31, 2003. The record sales represent a 15 percent increase compared to the same period a year earlier, said the company. Net income increased by 20 percent to $28 million, compared to $23 million in the fourth quarter of 2002.