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Global Automotive Fasteners Industry

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Mar 17,2016
LONDON, March 15, 2016 /PRNewswire/ -- This report analyzes the worldwide markets for Automotive Fasteners in US$ Million. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2014 through 2020. Also, a seven-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 149 companies including many key and niche players such as - ARaymond Acument® Global Technologies Bulten AB ContMid Group Illinois Tool Works, Inc. Download the full report: https://www.reportbuyer.com/product/3449657/ I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS Study Reliability and Reporting Limitations I-1 Disclaimers.............. I-2 Data Interpretation & Reporting Level I-2 Quantitative Techniques & Analytics I-3 Product Definitions and Scope of Study I-3 II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW.............. II-1 Fasteners: "Holding the Automotive Industry Together" II-1 Table 1: Structure of the World Automotive Fasteners Market: Percentage Breakdown of Value Sales of Fasteners by Type - Bolts, Nuts, Washers and Others for the Year 2015 (includes corresponding Graph/Chart)..............II-2 Modular Manufacturing & Production Platforms: The Cornerstone of Fastener Demand.............. II-2 Asia-Pacific, the Largest Auto Production Hub, Dominates the Global Market.............. II-3 Table 2: With a 42% Share in World Production of Automobiles, Asia-Pacific Ranks as a Massive Market for Automotive Fasteners: Percentage Breakdown of Volume Production of Automobiles by Geographic Region/Country for the Years 2015 & 2020 (includes corresponding Graph/Chart) II-4 2007-09 Recession Marks the Beginning of a Long Drawn Period of Volatility & Change in the Automotive Industry II-4 2007-09 Recession Highlights the Role Played by Financial Markets in Global Economic Health II-4 How the Auto Industry Responded to the Recession Shock II-5 How the Auto Industry Recovered & What's Hampering a Full- Recovery.............. II-5 A Reinvented Industry: The Final Outcome of the 2007-09 Recession Crisis..............II-6 2. KEY MARKET TRENDS & DRIVERS..............II-8 Rise in Vehicle Recalls Due to Fastener Failure Fuels Emphasis on Quality.............. II-8 Changing Automotive Manufacturing Trends Impact Opportunities for Fasteners.............. II-8 Focus on Automotive Lightweighting Spurs Innovation II-9 Novel Coatings Help Automotive Fasteners to Comply with Lightweighting.............. II-10 Stable Automobile Production Fuels Growth Opportunities in the OEM Market.............. II-10 Table 3: Projected Growth in Volume Serial Production of Automobiles to Spur Consumption of Fasteners in the Assembly Line: Breakdown of Global Automobile Production (In '000 Units) the Years 2015 & 2020 (includes corresponding Graph/Chart).............. II-10 Rising Passenger Car Density & Aging Vehicles Spur Opportunities in the Repair & Maintenance Services Sector II-11 Table 4: Rising Passenger Car Density Expands the Addressable Market for Replacement Auto Fasteners in the Repair & Maintenance Services Sector: Diffusion of Cars Worldwide As Measured by Total Number of Passenger Cars Per 1,000 Inhabitants in Select Country/Region for the Year 2015 (includes corresponding Graph/Chart) II-11 Table 5: Average Age of Light Vehicles in the United States in the Year 2010 & 2014 (includes corresponding Graph/Chart) II-12 Table 6: Average Age of Cars in the EU (2014): Breakdown by Country (includes corresponding Graph/Chart) II-12 Sharp Decline in Oil Prices Brings the Promise of Higher Sales of SUVs & Value Growth for Fasteners II-12 Table 7: Falling Gasoline Prices to Spur Vehicle Sales & Expand Opportunities for Automotive Fasteners: World Comparative Analysis of Gasoline Prices (In US$) Per Gallon by Select Country for September 2014 & September 2015 (includes corresponding Graph/Chart) II-14 Table 8: Strong Sales of SUVs to Provide Volume Boost for Larger, Stronger & Expensive Fasteners: Global Sales of SUVs (In 000 Units) by Region/ Country for the Years 2015 & 2020 (includes corresponding Graph/Chart) II-14 Expanding Middle Class Population in Developing Countries Fuels Growth.............. II-15 Table 9: With 67% of the World Middle Class Population by 2030, Asia-Pacific Ranks as an Important Market for Automotive Technologies: Breakdown of World Middle Class Population (In Million) by Region for the Years 2015, 2020 & 2030 (includes corresponding Graph/Chart) II-16 Table 10: With a 577% Increase in Middle Class Consumer Spending by 2030, Asia Represents a Major Market for Automotive Technologies: Breakdown of World Middle Class Spending (In US$ Trillion) by Region for the Years 2015 & 2030 (includes corresponding Graph/Chart) II-16 Shape Memory Fasteners: The Future of Automotive Assembling II-17 Metal Fasteners Continue to Reign II-17 Plastic Fasteners Grow in Popularity II-18 Acceptance of Adhesive Fasteners Casts a Long Shadow of Threat Over Mechanical Fasteners..............II-19 Remote Fastening Technology: The Focus Area for Future R&D II-20 Market Outlook.............. II-21 3. PRODUCT OVERVIEW.............. II-22 Mechanical Automotive Fasteners..............II-22 Definitions.............. II-22 Automotive Dowel Pins..............II-22 Automotive Studs.............. II-23 Rivets.............. II-23 Automotive Bolts.............. II-23 Automotive Nuts.............. II-23 Automotive Washers.............. II-24 Screws.............. II-24 Tie Rods.............. II-24 Other Fasteners.............. II-24 Fastener Finishing..............II-24 Zinc Alloys.............. II-24 Oil and Phosphate..............II-25 Mechanical Plating.............. II-25 Electrocoating.............. II-25 4. PRODUCT INTRODUCTIONS/ DEVELOPMENTS II-26 SMC Introduces New LineWrench Ratcheting System II-26 HEICO Befestigungstechnik Unveils Heico-Lock® II-26 5. RECENT INDUSTRY ACTIVITY..............II-27 ZF Friedrichshafen Takes Over TRW Automotive II-27 ARaymond Commences Korean Manufacturing Operations II-27 American Industrial Partners Takes over Fasteners Business from Anixter International..............II-27 Bulten Launches Plant in Russia..............II-27 STANLEY Announced the Merger of POP and Avdel Brands II-27 Fontana Gruppo Takes over Acument® II-27 Amtek Auto to Take over Neumayer Tekfor II-27 Cold Heading to Invest in Plant Expansion II-27 6. FOCUS ON SELECT PLAYERS..............II-28 ARaymond (France).............. II-28 Acument® Global Technologies (US) II-28 Bulten AB (Sweden)..............II-28 ContMid Group (US)..............II-29 Illinois Tool Works, Inc. (US) II-29 LISI Automotive (France)..............II-29 Koninklijke Nedschroef Holding N.V. (The Netherlands) II-30 NIFCO, Inc. (Japan).............. II-30 Rocknel Fastener, Inc. (US)..............II-30 STANLEY Engineered Fastening (US) II-30 SPS Technologies, Inc. (US)..............II-31 Sundram Fasteners Ltd. (India) II-31 TR Fastenings (UK)..............II-31 ZF TRW (US).............. II-32 7. GLOBAL MARKET PERSPECTIVE..............II-33 Table 11: World Recent Past, Current & Future Analysis for Automotive Fasteners by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)..............II-33 Table 12: World Historic Review for Automotive Fasteners by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart).............. II-34 Table 13: World 14-Year Perspective for Automotive Fasteners by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 2007, 2015, & 2020 (includes corresponding Graph/Chart) II-35 III. MARKET 1. THE UNITED STATES.............. III-1 A.Market Analysis.............. III-1 Current & Future Analysis..............III-1 Fiscal Cliff, Debt Ceiling & the US Automotive Industry III-1 The US Economy: Held Back By the Lack of Finality On Debt Ceiling.............. III-1 Structural Changes in Consumer Wealth & Spending Creates Long-Term Challenges to Growth III-2 Outlook for the Domestic Automotive Industry III-3 Fastener Market: An Overview III-4 Reshoring Trend in the Manufacturing Sector Revives the US Fastener Industry..............III-4 Fastener Quality Act..............III-5 Fastener Standards..............III-6 US Automotive Industry Warms Up to Adhesives, Sealants and Coatings.............. III-6 Table 14: US Imports of Automotive Fasteners (coach screws of steel/iron) for 2014: Percentage Breakdown of Import Value by Country of Origin (includes corresponding Graph/Chart).............. III-6 Strategic Corporate Developments III-7 Focus on Select Players..............III-7 B.Market Analytics..............III-10 Table 15: US Recent Past, Current & Future Analysis for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)..............III-10 Table 16: US Historic Review for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart) III-11 2. CANADA.............. III-12 A.Market Analysis.............. III-12 Current & Future Analysis..............III-12 B.Market Analytics..............III-12 Table 17: Canadian Recent Past, Current & Future Analysis for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)..............III-12 Table 18: Canadian Historic Review for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart) III-13 3. JAPAN.............. III-14 A.Market Analysis.............. III-14 Current & Future Analysis..............III-14 NIFCO, Inc. - A Key Player..............III-14 B.Market Analytics..............III-14 Table 19: Japanese Recent Past, Current & Future Analysis for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)..............III-14 Table 20: Japanese Historic Review for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart) III-15 4. EUROPE.............. III-16 A.Market Analysis.............. III-16 Current & Future Analysis..............III-16 Competitive Landscape..............III-16 Table 21: Leading Players in the European Automotive Fasteners Market (2014): Percentage Breakdown of Value Sales for LISI Automotive, SPS, Stanley, TRW, and Others (includes corresponding Graph/Chart) III-16 European Debt Crisis & the Automotive Industry III-16 The Crisis Identified..............III-16 EU Debt Crisis Remains on Shaky Ground III-17 How the EU Auto Industry Reacted to the Negative Shocks of the Sovereign Debt Crisis..............III-17 Overindebted Households, A Fallout of the Crisis, Hampers Consumer Spending On New Cars III-18 Outlook for the Domestic Auto Industry III-19 B.Market Analytics..............III-20 Table 22: European Recent Past, Current & Future Analysis for Automotive Fasteners by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of European Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)..............III-20 Table 23: European Historic Review for Automotive Fasteners by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of European Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart) III-21 Table 24: European 14-Year Perspective for Automotive Fasteners by Geographic Region - Percentage Breakdown of Dollar Sales for France, Germany, Italy, UK, Spain, Russia and Rest of European Markets for Years 2007, 2015, & 2020 (includes corresponding Graph/Chart) III-22 4a. FRANCE.............. III-23 A.Market Analysis.............. III-23 Current & Future Analysis..............III-23 Key Players.............. III-23 B.Market Analytics..............III-24 Table 25: French Recent Past, Current & Future Analysis for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)..............III-24 Table 26: French Historic Review for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart) III-25 4b. GERMANY.............. III-26 A.Market Analysis.............. III-26 Current & Future Analysis..............III-26 Product Launch.............. III-26 Strategic Corporate Developments III-26 B.Market Analytics..............III-27 Table 27: German Recent Past, Current & Future Analysis for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)..............III-27 Table 28: German Historic Review for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart) III-28 4c. ITALY.............. III-29 A.Market Analysis.............. III-29 Current & Future Analysis..............III-29 Strategic Corporate Development III-29 B.Market Analytics..............III-29 Table 29: Italian Recent Past, Current & Future Analysis for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)..............III-29 Table 30: Italian Historic Review for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart) III-30 4d. THE UNITED KINGDOM..............III-31 A.Market Analysis.............. III-31 Current & Future Analysis..............III-31 TR Fastenings - Key Player..............III-31 B.Market Analytics..............III-32 Table 31: UK Recent Past, Current & Future Analysis for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)..............III-32 Table 32: UK Historic Review for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart) III-33 4e. SPAIN.............. III-34 A.Market Analysis.............. III-34 Current & Future Analysis..............III-34 B.Market Analytics..............III-34 Table 33: Spanish Recent Past, Current & Future Analysis for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)..............III-34 Table 34: Spanish Historic Review for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart) III-35 4f. RUSSIA.............. III-36 A.Market Analysis.............. III-36 Current & Future Analysis..............III-36 Strategic Corporate Development III-36 B.Market Analytics..............III-36 Table 35: Russian Recent Past, Current & Future Analysis for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)..............III-36 Table 36: Russian Historic Review for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart) III-37 4g. REST OF EUROPE.............. III-38 A.Market Analysis.............. III-38 Current & Future Analysis..............III-38 Key Players.............. III-38 B.Market Analytics..............III-39 Table 37: Rest of Europe Recent Past, Current & Future Analysis for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart) III-39 Table 38: Rest of Europe Historic Review for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart).............. III-40 5. ASIA-PACIFIC.............. III-41 A.Market Analysis.............. III-41 Current & Future Analysis..............III-41 Fading Economic Miracle of the BRIC III-41 Asia Led By China Still Remains at the Heart of Future Automobile Sales.............. III-42 China: Still a Dominant Force in the Global Auto Industry III-42 Market Forces: Drivers & Inhibitors III-43 Changing Dynamics of the Domestic Auto Industry III-43 B.Market Analytics..............III-44 Table 39: Asia-Pacific Recent Past, Current & Future Analysis for Automotive Fasteners by Geographic Region - China, India, South Korea and Rest of Asia-Pacific Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart).............. III-44 Table 40: Asia-Pacific Historic Review for Automotive Fasteners by Geographic Region - China, India, South Korea and Rest of Asia-Pacific Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart) III-45 Table 41: Asia-Pacific 14-Year Perspective for Automotive Fasteners by Geographic Region - Percentage Breakdown of Dollar Sales for China, India, South Korea and Rest of Asia-Pacific Markets for Years 2007, 2015, & 2020 (includes corresponding Graph/Chart)..............III-46 5a. CHINA.............. III-47 A.Market Analysis.............. III-47 Current & Future Analysis..............III-47 Fastener Market: A Snapshot..............III-47 Patterns in Fastener Demand from OEMs III-47 Product Launch.............. III-48 B.Market Analytics..............III-48 Table 42: Chinese Recent Past, Current & Future Analysis for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)..............III-48 Table 43: Chinese Historic Review for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart) III-49 5b. INDIA.............. III-50 A.Market Analysis.............. III-50 Current & Future Analysis..............III-50 Industrial Fastener Market: An Overview III-50 Challenges and Opportunities III-50 Sundram Fasteners Ltd. - Key Player III-50 B.Market Analytics..............III-51 Table 44: Indian Recent Past, Current & Future Analysis for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)..............III-51 Table 45: Indian Historic Review for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart) III-52 5c. SOUTH KOREA.............. III-53 A.Market Analysis.............. III-53 Current & Future Analysis..............III-53 Strategic Corporate Development III-53 B.Market Analytics..............III-53 Table 46: South Korean Recent Past, Current & Future Analysis for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart) III-53 Table 47: South Korean Historic Review for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart).............. III-54 5d. REST OF ASIA-PACIFIC..............III-55 A.Market Analysis.............. III-55 Current & Future Analysis..............III-55 Automotive Fasteners in Taiwan III-55 Table 48: Taiwanese Exports of Automotive Fasteners (coach screws of steel/iron) for 2014: Percentage Breakdown of Export Value by Destination (includes corresponding Graph/Chart).............. III-55 B.Market Analytics..............III-56 Table 49: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart) III-56 Table 50: Rest of Asia-Pacific Historic Review for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart)..............III-57 6. LATIN AMERICA.............. III-58 A.Market Analysis.............. III-58 Current & Future Analysis..............III-58 B.Market Analytics..............III-58 Table 51: Latin American Recent Past, Current & Future Analysis for Automotive Fasteners by Geographic Region - Brazil, Mexico, and Rest of Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart).............. III-58 Table 52: Latin American Historic Review for Automotive Fasteners by Geographic Region - Brazil, Mexico, and Rest of Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart) III-59 Table 53: Latin American 14-Year Perspective for Automotive Fasteners by Geographic Region - Percentage Breakdown of Dollar Sales for Brazil, Mexico, and Rest of Latin America Markets for Years 2007, 2015, & 2020 (includes corresponding Graph/Chart).............. III-60 6a. BRAZIL.............. III-61 A.Market Analysis.............. III-61 Current & Future Analysis..............III-61 B.Market Analytics..............III-61 Table 54: Brazilian Recent Past, Current & Future Analysis for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)..............III-61 Table 55: Brazilian Historic Review for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart) III-62 6b. MEXICO.............. III-63 A.Market Analysis.............. III-63 Current & Future Analysis..............III-63 B.Market Analytics..............III-63 Table 56: Mexican Recent Past, Current & Future Analysis for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)..............III-63 Table 57: Mexican Historic Review for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart) III-64 6c. REST OF LATIN AMERICA..............III-65 A.Market Analysis.............. III-65 Current & Future Analysis..............III-65 B.Market Analytics..............III-65 Table 58: Rest of Latin America Recent Past, Current & Future Analysis for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart) III-65 Table 59: Rest of Latin America Historic Review for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart)..............III-66 7. REST OF WORLD.............. III-67 A.Market Analysis.............. III-67 Current & Future Analysis..............III-67 B.Market Analytics..............III-67 Table 60: Rest of World Recent Past, Current & Future Analysis for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart) III-67 Table 61: Rest of World Historic Review for Automotive Fasteners Market Analyzed with Annual Sales Figures in US$ Million for Years 2007 through 2013 (includes corresponding Graph/Chart).............. III-68 IV. COMPETITIVE LANDSCAPE Total Companies Profiled: 149 (including Divisions/Subsidiaries - 163) The United States (40) Canada (3) Japan (3) Europe (59) - France (4) - Germany (19) - The United Kingdom (17) - Italy (1) - Spain (1) - Rest of Europe (17) Asia-Pacific (Excluding Japan) (55) Africa (1) Middle East (2) Download the full report: https://www.reportbuyer.com/product/3449657/ About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: query@reportbuyer.com Tel: +44 208 816 85 48 Website: www.reportbuyer.com
(PRNewswire)
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