Bundy Announces Major Detroit Area Investment Program
17 March 1999
Bundy Announces Major Detroit Area Investment Program
WARREN, Mich., March 17 -- The Bundy Group, a leading
supplier of fluid carrying systems to the automotive industry, is investing
more than $1.5 million to install a new multi-layer extrusion line at Bundy
North America's Warren (MI) manufacturing plant.
The investment will serve the automotive industry's increasing need for
low permeation hose for fuel and vapor lines, according to Jim Davis,
president of Bundy North America. The company's North American headquarters
are located in Warren.
The new production line will use multi-layer technology developed by Bundy
Technoflow in Germany and is capable of extruding up to five individual layers
of four different types of plastic raw material. The line will be capable of
producing up to 45 million feet of multi-layer hosing per year.
The new line will be capable of producing conductive and non-conductive
ETFE hosing -- hosing with a form of barrier layer construction -- to fully
meet OEM production requirements. The line initially will support production
requirements for low-permeation hosing for Volkswagen's A4 and Opel's Corsa in
Mexico.
"As a global player, Bundy offers distinct advantages to its customers,"
Mr. Davis said. "This investment in multi-layer technology demonstrates our
ability to share and deploy technology and best practices throughout the
company for the benefit of our customers globally. Our investment is not
stopping here and we look forward to continued growth and expansion throughout
1999."
Bundy Group is one of four world leading specialized engineering
businesses of TI Group, headquartered in the U.K. The others include John
Crane, Dowty and Forsheda. Bundy is a world leader in the manufacture of
specialized small diameter fluid carrying systems for the automotive and
refrigeration industries. Bundy Group, with 1998 sales of $1.3 billion,
employs 15,000 people at over 105 locations in 27 countries.