Dana Facility Expansion Supported by Grants from Hungarian Government
Resource from: Dana Holding Corporation Likes:256
Jul 10,2014
MAUMEE, Ohio, July 9, 2014 – Dana Holding Corporation (NYSE: DAN) today announced that the company’s operations in Gyor, Hungary, have been approved for 490 million HUF (US $2.2 million) in subsidies under the Hungarian government’s New Széchenyi Plan for economic development. These funds were approved through application number GOP-1.3.1-11/A-2012-0320.
Earmarked for programs that support the development of technological innovations, these funds will be used for the expansion of Dana’s manufacturing and assembly capabilities in Gyor. New machining equipment will improve manufacturing flexibility and create more than 30 new jobs.
Dana previously received 130 million HUF (US $574,000) in economic development funds through the New Széchenyi Plan for an aftermarket logistics center in Gyor, which opened in 2012.
Strategically located near supply chains to customers and end users, this facility ships and receives replacement parts supported by an industry-leading enterprise resource planning (ERP) system and an online ordering system. The grant for the logistics center was authorized under application number GOP-3.2.1-11-2011-0017.
About Dana Holding Corporation
Dana is a global leader in the supply of highly engineered driveline, sealing, and thermal-management technologies that improve the efficiency and performance of vehicles with both conventional and alternative-energy powertrains. Serving three primary markets – passenger vehicles, commercial trucks, and off-highway equipment – Dana provides the world’s original-equipment manufacturers and the aftermarket with local product and service support through a network of nearly 100 engineering, manufacturing, and distribution facilities. Founded in 1904 and based in Maumee, Ohio, Dana employs 23,000 people in 26 countries on six continents. In 2013, Dana generated sales of $6.8 billion. For more information, please visit dana.com.
(Dana Holding Corporation)
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
