Fuyao Bid for Ford Assets Grinds to Halt
Talks between Ford Motor and Fuyao Group Glass Industries on the sale of some of Fordís North American glass-making assets have been halted indefinitely, industry sources said.
The talks have been suspended because they were disclosed publicly, and because executives on both sides were concerned the sale of the U.S. industrial assets to a mainland company might run into political opposition in the United States, the sources said recently.
Automotive Components Holdings (ACH, formerly Visteon), a parts subsidiary of Ford, has been discussing the sale of glass manufacturing operations and other assets with potential buyers as part of the U.S. auto giantís restructuring.
When contacted for comment on the matter, Della DiPietro, an ACH spokesperson told USGlass magazine that ACH had been in discussions with more than one buyer for the sale of its glass operations, but added ďbecause of confidentiality agreements, we can not identify the names of potential buyers.Ē
Ashton Industrial Signs Two International Deals
Africa Glass Industries (AGI) of San Diego and Nippon Sheet Glass of Japan have purchased Ashton Industrialís FastTrak arising line.
The FastTrak line and high-speed washer that AGI purchased makes it the first one supplied to the African continent. It will be housed in AGIís facility in Johannesburg.
Nippon Sheet Glass has also specified a FastTrak system for its Tokyo plant. According to an Ashton announcement, it will be combined with the HWPRO high-performance stainless steel washer and automatic corner dubbing units.
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