Nouryon, formerly AkzoNobel, completes US$ 14 million expansion to double output capacity
Nouryon (formerly AkzoNobel) announced it has more than doubled capacity for emulsion-based organic peroxides at its site in Los Reyes, state of Mexico to meet increased customer demand in the North American polyvinyl chloride (PVC) market. The company introduced emulsion-based peroxides to North A...
Nemak’s net income up 5.6%; secures new contracts for electric vehicles worth US$280 million
Monterrey-based automotive parts manufacturer Nemak posted fourth quarter net income of US$38 million, up 5.6% compared to same period of 2017, despite a drop on total revenue. Full-year net income totaled US$180 million, down 6.3%. Nemak sold 11.5 million equivalent units (MEU) in the last quarter...
Tenneco aftermarket, ride performance spinoff to be called DRiV Inc.
Tenneco announced its spinoff aftermarket and ride performance company will be called DRiV Incorporated. The publicly-traded company will launch in the second half of the year, when Tenneco will split into two independent companies. Once it spins off, DRiV will serve as one of the largest global mu...
French group Novares acquires Wisconsin-based manufacturer MPC, including one plant in Sonora
Novares announced the acquisition of Wisconsin-based Miniature Precision Components (MPC), a thermoplastic company that produces highly engineered plastic components and integrated modules for vehicle powertrains. The financial terms of the deal were not disclosed. “The acquisition of MPC, with a...
Driven by higher truck production in North America, Cummins posts record sales, profits
Cummins Inc. reported increases in fourth-quarter sales and profits compared to a year ago, which helped lead to a record year for sales and profits in 2018. Sales were driven by an increased truck production in North America and stronger demand in global construction and power generation markets. ...

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