Metaldyne Announces Expansion at Middleville, Mich. Facility

Auto Supplier to invest $8 million, create 64 jobs

PLYMOUTH, Mich., Feb. 15 -- Metaldyne announced today that it will expand its Middleville, Mich. facility to accommodate the machining and assembly of a transmission end cover assembly for a new six-speed transmission to be used by two North American automakers.

The company will invest $8.1 million and add 64 new jobs at the Middleville facility. In addition, a University of Michigan economic analysis estimates that 28 indirect jobs will be created as a result of increased economic activity associated with the expansion.

"Many factors go into the decision of where to locate new business. Each time, we look at the best business case and how we can bring the most value to our customers," said Tim Leuliette, Metaldyne chairman, president and CEO. "Behind today's announcement are incentives from the State of Michigan to help even the playing field and the hard work of the employees from Metaldyne Middleville, one of the best, most competitive facilities in the world."

The new programs launch in late-2005 and mid-2006. Metaldyne Middleville will add 64 new jobs over the next 48 months.

Metaldyne Middleville machines and assembles powertrain products for the automotive industry. Its main products include front engine modular assemblies, oil pumps and chain case covers. The facility currently has 115 employees.

About Metaldyne

Metaldyne is a leading global designer and supplier of metal-based components, assemblies and modules for transportation-related powertrain and chassis applications including engine, transmission/transfer case, wheel-end and suspension, axle and driveline, and noise and vibration control products to the motor vehicle industry. The company serves the automotive segment through its Chassis, Driveline, and Engine Groups.

Headquartered in Plymouth, Mich., Metaldyne has annual revenues of nearly $2 billion. The company employs over 7,500 men and women at nearly 50 facilities in 13 countries.