International Business News


AMA Team Building Series / How to Build High Performance Teams

Get American Express Value Added Products Today!

       
Try It Now- Monitor in Real Time! Stop Spyware Cold today!

Google
  Web jobwerx.com   

Leggett & Platt to Provide Die Castings for Briggs & Stratton

Manufacturing News Center - Leggett to supply aluminum die castings for Briggs' assembly plant in Auburn, Alabama. - New 140,000 square foot facility to generate $45 million of revenue per year.

CARTHAGE, Mo., and Auburn, Alabama, USA -- September 27, 2004 -- Jobwerx News -- Diversified manufacturer Leggett & Platt and engine manufacturer Briggs & Stratton have reached agreement for Leggett to supply aluminum die castings for Briggs' assembly plant in Auburn, Alabama. Leggett & Platt, a Fortune 500 company, is the leading independent, non-automotive aluminum die caster in North America. Briggs & Stratton, a NYSE-listed company with sales approaching $2 billion, is the world's largest producer of air-cooled gasoline engines for outdoor power equipment.

The agreement calls for Leggett to build a 140,000 square foot die casting plant in Auburn, Alabama, a short distance from Briggs' current facility. Construction of the new plant should commence during the fourth quarter of 2004, with production expected to begin in late 2005. At full production, Leggett expects the project to contribute about $45 million of annual revenue to its aluminum segment.

David S. Haffner, President and Chief Operating Officer of Leggett & Platt, said, "Briggs & Stratton has been a wonderful, long-time customer of Leggett's, and we are thrilled to be expanding our relationship with them. This project is an outstanding example of our 'deverticalization' strategy, whereby Leggett assumes component production responsibility for vertically integrated manufacturers, enabling them to concentrate more effort on their core strengths of design and marketing, while simultaneously reducing capital needs."

James E. Brenn, Senior Vice President & Chief Financial Officer of Briggs & Stratton, commented, "This is truly a win-win project. Briggs should see higher EVA and lower capital requirements, since Leggett will fund the project. At the same time, we benefit from Leggett's technical expertise while ensuring a sufficient supply of die cast components to meet our needs."

Leggett & Platt (NYSE: LEG) is a Fortune 500 diversified manufacturer that conceives, designs and produces a broad variety of engineered components and products that can be found in virtually every home, office, retail store, and automobile. The 121-year-old firm is composed of 29 business units, 33,000 employee-partners, and more than 300 facilities located in 20 countries.


Briggs & Stratton Corp. is the largest manufacturer of small, air-cooled engines for outdoor lawn & garden power equipment, generators and pressure washers. The company designs, manufactures, markets and services these products for original equipment manufacturers in over 100 countries on all seven continents.




Haven't found what you're looking for? Try Searching the Web above: Learn more about Leggett & Platt and Briggs & Stratton Corp.


Click here to view more current news articles

 

 

E-mail this page to a friend

 



 

Book Flights & Purchase Tickets on Travelocity.com

Available Now! Great Deals from top brand name manufacturers. Click Here for deals


From time to time we come across Websites and other online resources that you may find very useful-on a variety of related topics. * Links and contacts to other sites are provided as a browsing convenience and do not represent any endorsement by Jobwerx. Jobwerx accepts no responsibility for the content of these sites. Jobwerx makes no representation as to the accuracy of information transmitted herein and shall not be held liable for any delays, errors or omissions in any Jobwerx content, or for any actions taken in consequence. Copyright - Unless otherwise stated all contents of this web site are © 1998/2004– JOBWERX.COM. – All Rights Reserved. For permission to reproduce any contents of this web site, please advise our Syndication department: Log onto HELP

 


Hiring Managers - Post A Job  and Save

American Managment Association Certification Courses



Recently Published
on this site


- Alcoa Receives Casting Award

- Axxicon Mould Technology

- Bending and Forming - bending of sheet, plate

- CAM Software

Ready for Team Effort?

Teamwork

24/7 University will help you in developing team strategies for your organization that keeps good workers once you have them.
PREVIEW A DEMO