MTU expands Drive Shaft Business in North American Market
MTU Drive Shafts, a DaimlerChrysler company and manufacturer of passenger-car drive shafts, is expanding its business in the North American market with the creation of a new U.S. subsidiary and manufacturing operation, MTU Drive Shafts LLC, based in Charleston, S.C. The Charleston plant, which will have a capacity for about one million drive shafts annually, will produce drive shafts for premium automotive companies in the U.S. The machinery necessary for the production--assembly and balancing machines, welders and others--will be installed beginning in April 2003, with series production starting in 2004. By 2006, the company plans to employ over 200 workers who will work in three shifts.
Report Abusive Comment