SOUTHFIELD, Mich., Sept. 16, 2015 /PRNewswire/ -- Metaldyne
Performance Group Inc. (NYSE: MPG) today announced that the
labor agreement at its Kyklos Bearing International (KBI) plant in
Sandusky, Ohio, has expired. The
plant is operating under the last offer presented to the union as
of September 15, 2015.
"We continue to negotiate collaboratively and in good faith with
the union for a competitive labor agreement," said George Thanopoulos, CEO of MPG. "The KBI
facility is operating normally to ensure our customers are fully
supported. We want to compliment our union partners for working
constructively with us in our effort to generate a long-term
plan."
About MPG
MPG is a leading provider of highly engineered components for
use in powertrain and safety-critical platforms for the global
light, commercial and industrial vehicle markets. MPG produces
these components using complex metal-forming manufacturing
technologies and processes for a global customer base of vehicle
OEMs and Tier I suppliers. MPG's metal-forming manufacturing
technologies and processes include aluminum die casting, forging,
iron casting and powder metal forming as well as advanced machining
and assembly.
Headquartered in Southfield, Michigan, MPG has a global footprint spanning
61 locations in 13 countries across North America, South
America, Europe and Asia with approximately
12,000 employees.
For more information:
Dick Pacini
The Millerschin Group
(248) 276-1970 (office)
(248) 770-6446 (cell)
dpacini@millerschingroup.com
Forward-Looking Statements
This press release contains forward-looking statements. The
words "believe," "expect," "anticipate," "intend," "estimate" and
other expressions that are predictions of or indicate future events
and trends and that do not relate to historical matters identify
forward-looking statements. You should not place undue reliance on
these forward-looking statements. Although forward-looking
statements reflect management's good faith beliefs, reliance should
not be placed on forward-looking statements because they involve
known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements to differ
materially from anticipated future results, performance or
achievements expressed or implied by such forward–looking
statements. Forward-looking statements speak only as of the date
the statements are made. MPG undertakes no obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future events, changed circumstances or
otherwise. These forward-looking statements are subject to numerous
risks and uncertainties, including, but not limited to: our
comments relating to growth of, or changes in, the global
commercial vehicle markets; maintaining existing sales levels with
our current customers and end users while attracting new ones;
operating in global markets and expanding into adjacent markets
while strengthening our market position in our existing markets;
and financial projections.
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SOURCE Metaldyne Performance Group Inc.