Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Ukraine
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
    • UTECH Europe 2021
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
September 14, 2005 12:00 AM

Visteon, Ford agree new deal: 23 plants to transfer to Ford

Utech Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Van Buren Township, Michigan-Interiors supplier Visteon Corp. and Ford Motor Co. have signed agreements on their new business arrangement, which will see 23 Visteon units transfer to Automotive Components Holdings lllc, a legal entity managed by Ford. The deal will "increase Visteon's competitiveness by streamlining and improving the cost structure of its North American operations," said a Visteon statement. It closely follows the scheme announced by the two companies on 25 May.US anti-trust and union approvals for the transaction have been gained, and the two firms expect the transaction to close 1 Oct.The deal includes Visteon's interiors plant at Saline, Michigan, where part of the facility is devoted to reaction injection moulding of urethane components, as well as its seating foam plant at Chesterfield Township, Michigan. Some 5000 Visteon employees in North America will transfer to Automotive Components Holdings, and Visteon's revenue will drop from $18 700 million in 2004 to what the firm calls "a leaner, more competitive $11 400 million in 2005. "

    Recommended for You
    Pearl Polyurethane and Covestro cooperate on climate-neutral MDI
    Pearl Polyurethane and Covestro cooperate on climate-neutral MDI
    China moves to meet HCFC-141b phase out pledge
    China moves to meet HCFC-141b phase out pledge
    Record half at Kingspan, but orders start to dry up
    Record half at Kingspan, but orders start to dry up
    Latest Issue
    April/May 2022 issue
    Click HERE for Free Download
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Crain Communications
    11, Ironmonger Lane
    London
    EC2V 8EY
    United Kingdom

    Editorial
    Phone +44 (0) 20 3287 5935
    Email click to send

    Customer Service
    Phone +1 313 446 0450
    Email click to send

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Ukraine
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
      • UTECH Europe 2021
    • Advertise
    • Contact Us
    • Issues
    • Subscribe