Metaldyne to Open Two New Plants in China

PLYMOUTH, Mich., April 19 -- Metaldyne today announced the company is expanding its presence in China with the opening of two new manufacturing facilities: one in Hangzhou, and another breaking ground in Suzhou this summer.

The Hangzhou facility, called Metaldyne Chassis Manufacturing Hangzhou, will begin producing steering knuckles for a North American automaker in August, 2005. The plant will apply the same product and process technology utilized in the company's growing North American and European facilities.

The Suzhou facility will break ground in July, 2005, with construction expected to be completed by the first quarter of 2006. The first phase of construction includes a 70,000-square-foot facility with 130 employees. The plant will produce powertrain components including aluminum die cast valve bodies, crankshaft dampers and sintered engine products. The plant is expected to be operational by March, 2006. With future planned expansions, Metaldyne expects to increase square-footage to 130,000 and employment to 250 at the Suzhou location.

"The Asia Pacific region has been an important growth area for Metaldyne; these two facilities will provide the footprint for continued growth in China," said Tim Leuliette, chairman, president and CEO. "By entering the China market with a broad offering of products, we are in a strong position to support the expanding automotive industry there."

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.