This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Dana Introduces Advanced Drivetrain Solutions And Expanded Global Support Offerings At MINExpo 2012

LAS VEGAS, Sept. 24, 2012 /PRNewswire/ -- At MINExpo 2012 today, Dana Holding Corporation (NYSE: DAN) announced the company's enhanced support for mining OEMs and increased production of drivetrain solutions, including new manufacturing capabilities in China.

Located in booth 26193 in the South Hall of the Las Vegas Convention Center, Dana unveiled plans to launch production of driveline products at the company's facility in Wuxi, Jiangsu Provence, China, over the next several months to better support the world's largest market for mining machinery.

This expansion of production capabilities reflects Dana's planned increase in global manufacturing output of axles for mining applications over the next 24 months.

"For more than 45 years, Dana has offered the most durable, reliable solutions to the major global suppliers of mining equipment," said Aziz Aghili, president of Dana Off-Highway Driveline Technologies. "With the demand for mining equipment expected to more than double over the next 10 years, we have increased our production capabilities and deployed our engineering and manufacturing resources to more efficiently supply our driveline solutions to the regions of the world with the highest anticipated growth."

Expanded Support for Mining in China

This summer, Dana began producing five models of medium- and large-sized Spicer ® mining axles in China. Designed with dynamic load capacities ranging from 20 to 60 tons (18 to 54 tonnes), these axles are used for a variety of mining vehicles, including load haul dumpers (LHDs), mining trucks, and scoops.

The deployment of added manufacturing capacity is the latest in a series of initiatives to better support Dana's OEM customers in China. In February, Dana announced the start of production on the Spicer TZL Series, a new line of powershift transmissions for premium ZL50 and ZL60 front-end loaders and 110-165 kW (150-225 horsepower) motor graders manufactured in China.

Next year, Dana plans to open a 130,000 square-foot (12,000 square-meter) technical center in Wuxi to provide advanced product and applications engineering through research, design, development, and testing of driveline, sealing, and thermal-management products, including electric vehicle battery coolers.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,084.38 +4.24 0.02%
S&P 500 2,113.83 -3.86 -0.18%
NASDAQ 5,070.1580 -21.9270 -0.43%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs