Business
Spectra Premium announces an important contract for the manufacture of steel fuel tanks with Ford Motor Company
Spectra Premium announces an important contract for the manufacture of steel fuel tanks with Ford Motor Company.
About this update from Silver Predator Corp
[{"type":"text","content":"\n\n\n\n\nBOUCHERVILLE, QC, April 12 /CNW Telbec/ - Spectra Premium Industries Inc.\n(TSX: SPD.sv), a North American leader in the manufacture of automobile, light-\ntruck and heavy-duty truck aftermarket parts and manufacturer of high-pressure\ndie cast magnesium alloy parts and steel fuel tanks in the Original Equipment\nManufacturer (\"OEM\") market, is pleased to announce the award of an important\ncontract for the manufacture of steel fuel tanks.\nThis contract involves engineering and design, development of prototypes,\nproduction tooling and the manufacture of steel fuel tanks, which will be\ninstalled on a full size van manufactured by Ford Motor Company. The\nproduction of these steel fuel tanks is scheduled to begin in June 2008.\n\"The award of this contract results from more than two years of\ndevelopment and the creativity of our engineering and design department had a\nsignificant impact on the customer's decision to source us that business,\"\ndeclared Mr. Jacques, Mombleau, CA, President and Chief Executive Officer of\nSpectra Premium Industries Inc.\n\nPROFILE\n-------\n\nSpectra Premium is the world leader in the manufacture of steel fuel\ntanks and related components for the automobile and light-truck aftermarkets.\nThe Corporation ranks first in Canada and is a North American leader in the\naftermarket for automotive and industrial radiators, radiator components and\nnew and reconditioned oil pans. It also maintains a presence in such markets\nas sending units, fuel pumps, body panels, condensers, compressors, complete\nheater cores and other air-conditioning parts. Over the past years, the\nCorporation expanded its activities in the OEM market by concluding agreements\nto supply steel fuel tanks and aluminum radiators and in addition, to supply\nradiators for industrial applications and heavy equipment. The Corporation has\nincreased its presence in the OEM segment, following the recent acquisition of\nTrimag, one the most important North American manufacturers of high-pressure\ndie cast magnesium alloy parts. It currently employs approximately\n1,500 people in its nine (9) plants and 50 distribution centers, which are\nlocated throughout Canada, the United States and Europe. Its shares are traded\non the Toronto Stock Exchange (ticker symbol: SPD.sv).\n\n\nPROSPECTIVE FINANCIAL INFORMATION\n----------------...