Martinrea International Inc. Announces Strategic Relationship With Millison Die Casting
October 23 2019 - 9:00AM
Martinrea International Inc. (TSX : MRE), a diversified and global
automotive supplier engaged in the design, development and
manufacturing of highly engineered, value-added Lightweight
Structures and Propulsion Systems, today announced a strategic
relationship with Chongqing Millison Die Casting Co., Ltd. Based in
Chongqing, China, Millison manufactures and distributes metal
casting products for the automotive and telecommunications
industries. The strategic relationship represents an expanded
global manufacturing presence for Martinrea in Asia, and Millison
in Europe and North America.
“Millison brings a deep understanding of the Chinese market and
provides an outlet for additional collaboration and growth with our
customers,” said Pat D’Eramo, President and CEO, Martinrea
International Inc. “We currently share a number of customers
including, SAIC-GM, Nissan, Geely, Volvo and Ford. This
relationship allows us to further expand our capabilities as a
global supplier of aluminum castings.”
Martinrea and Millison have signed a memorandum of understanding
that allows the two entities to work together in the Chinese
market. Initially, Martinrea and Millison plan to seek
opportunities to manufacture aluminum body-in-white and powertrain
components leveraging the robust technical resources and knowledge
of high-pressure die casting (HPDC).
“Having HPDC capabilities in China will allow us to improve our
offering for our global customers and their global platforms,” said
Robert Fairchild, Executive Vice President, Sales and Engineering,
Martinrea International Inc. “It was important to select a
China-based partner whose values align with our drive for new
breakthrough opportunities and developing cutting edge technologies
for die casting design and manufacturing.”
Millison operates three manufacturing sites with more than
4,000,000 square feet of land in Chongqing and Hubei Xiangyang
employing more than 2,000 employees. Millison owns advanced
intelligent HPDC casting cells, high-precision CNC machining
centers, automatic powder coating lines, with top quality-assurance
systems and mold development. It has an annual output capacity of
over 60,000 tons of large, complex and high-precision castings.
“We look forward to collaborating with Martinrea International
Inc. in the aluminum casting business,” said Arthur Yu, CEO of
Millison Die Casting. “Both sides will use their resource
advantages to strengthen alliances, better serve our customers,
increase market share and achieve mutual benefit and win-win.”
ABOUT MARTINREA INTERNATIONAL INC.
Martinrea International Inc. (TSX: MRE) is a leader in the
development and production of quality metal parts, assemblies and
modules, fluid management systems, and complex aluminum products
focused primarily on the automotive sector. Martinrea currently
employs approximately 15,000 talented and motivated people in 47
operating divisions in Canada, the United States, Mexico, Brazil,
Germany, Slovakia, Spain and China. Martinrea's vision is making
lives better by being the best supplier we can be in the products
we make and the services we provide. The Company’s mission is to
make people’s lives better by delivering: outstanding quality
products and services to our customers; meaningful opportunity, job
satisfaction and job security to our people through competitiveness
and prudent growth; superior long term investment returns to our
stakeholders; and positive contributions to our communities as good
corporate citizens. Additional information about Martinrea can be
found at www.martinrea.com.
ABOUT MILLISON DIE CASTING CO., LTD.
Millison Die Casting was established in 2001 from a
former military company whose business dates back to 1965, and now
is a 100% private limited company. Millison is a professional
die-casting expert in HPDC of automotive, telecom mechanics and
mechatronics. Millison's vision is to create a wonderful lifestyle
with good communication and low-carbon. Additional information
about Millison can be found at www.millison.com.cn.
MEDIA CONTACTS:
Deanna LorinczGlobal Director, Communications and
Marketingdeanna.lorincz@martinrea.comTel: 248.392.9727 | Mobile:
586.634.1766
Nicole WanMarketing Managernicole@djmillison.com Tel: 86
18184076811
INVESTOR RELATIONS:
Fred Di Tosto, Chief Financial OfficerMartinrea
International Inc.Tel: 416.749.0314Fax: 289.982.3001
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