TriMas' Asia Pacific Unit Slated To Manufacture Rear Truck Underbar for Ford in Thailand
BLOOMFIELD HILLS, Mich., Nov. 25 /PRNewswire-FirstCall/ -- TriMas Corporation (NYSE: TRS) -- a diversified growth company of highly-engineered, specialty niche businesses -- today announced that TriMotive Asia Pacific Limited, a TriMas company located in Thailand, has signed an Interim Agreement with Ford to continue the development of the stainless steel rear underbar for the Ford Ranger one-ton pickup truck and Ranger platforms as part of Ford's Auto Alliance Thailand (AAT) joint venture with Mazda in Thailand.
Upon completion of product development and the exclusive supply agreement, the stainless steel tubular truck component will be produced at TriMotive's manufacturing facility located in Chon Buri, Thailand, and delivered to Ford's AAT assembly plant outside of Bangkok. Beginning in 2009, this component will be mounted to the vehicles and then distributed to over 100 countries. The stainless steel component will be the first truck underbar to be produced for Ford by TriMotive Asia Pacific operations.
"Our production facility in Thailand has not only increased our global presence in the Pacific Rim," said Edward Schwartz, TriMas Executive Vice President, "but it has also allowed us access to one of the largest truck manufacturing operations in the world outside of North America."
"We are particularly excited to be working with Ford in Thailand," Schwartz continued. "Although we do supply Ford in other markets, this will be the first time we will be manufacturing truck accessories for them in Asia. It has provided us with an entry point for ongoing and new model business, as well as a reach into multiple markets."
About TriMas Australia
Headquartered in Victoria, Australia, TriMas Corporation Pty. Ltd. is a market-leading business unit of TriMas Corporation, consisting of four operations, Roof Rack Industries Pty. Ltd., Rola Roof Rack Pty. Ltd., TriMas Industries Pty. Ltd., and TriMotive Asia Pacific Limited. These operations produce high-quality, custom-engineered roof racks and towing products primarily for the Australian-based original equipment manufacturer market. Through links to its international TriMas partners, this operating group has worldwide access to advanced product research, development and technology.
About TriMas
Headquartered in Bloomfield Hills, Michigan, TriMas Corporation (NYSE: TRS) is a diversified growth company of high-end, specialty niche businesses manufacturing a variety of products for commercial, industrial and consumer markets worldwide. TriMas Corporation is organized into five strategic business groups: Packaging Systems, Energy Products, Industrial Specialties, RV & Trailer Products and Recreational Accessories. TriMas Corporation has nearly 5,000 employees at 70 different facilities in 10 countries. For additional information, please visit www.trimascorp.com.
SOURCE TriMas Corporation
CONTACT:
Sherry Lauderback
Vice President, Investor Relations & Communications
+1-248-631-5506
sherrylauderback@trimascorp.com
