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NVG Announces New Facility and New Customer

28 September 1998

NVG Announces New Facility and New Customer

    TROY, Mich., Sept. 28 -- New Venture Gear, Inc. (NVG), the
world's largest designer and producer of four-wheel-drive transfer cases and a
leader in manual transmissions and other automotive driveline products,
announces a manufacturing facility in the New German State of Saxony-Anhalt
and the addition of a new European customer to NVG's expanding worldwide
customer base.
    NVG will completely refit the facility for the manufacture and assembly of
driveline and traction control products for European customers including
VW-Nutzfahrzeuge (VW Truck Group), a recent addition to New Venture Gear's
customer base.  The new factory will include 87 new production machines and 55
pieces of support equipment including CNC cutter grind machinery, a complete
tool room and an inspection facility.
    New Venture Gear President and CEO Fred L. Hubacker called the acquisition
of the new facility a "major step into the international manufacturing arena."
"We are refitting this factory with state-of-the-art equipment and processes
in order to provide products which meet European OEM world-class quality and
performance standards," Hubacker said.
    The new NVG facility in Roitzsch, Germany will manufacture and assemble a
variety of components, including the machining of steel forgings and high
pressure aluminum die castings.  Its high volume assembly line will include
state-of-the-art assembly operations and testing.
    NVG is also announcing a new sales office in Germany and a Product
Engineering Center in England which will support NVG European operations.
New Venture Gear is based in Troy, Michigan, U.S.A., and has Product
Engineering Centers in Troy and in East Syracuse, New York.  It has other
manufacturing facilities in East Syracuse and in Muncie, Indiana.  The company
was founded in 1990.