Two Southeast Michigan suppliers were among the first to be named by Volkswagen AG as suppliers to its new plant in Chattanooga, Tenn.
Troy-based EMCON Technologies L.L.C. will supply cold end exhaust systems and Auburn Hills-based Saturn Electronics & Engineering Inc. will supply solid state electronics modules for a new mid-size sedan to be made at Volkswagen’s new plant.
“EMCON Technologies has a long history of delivering quality exhaust products to Volkswagen production facilities abroad and we are looking forward to bringing that environmentally-friendly technology to our new Tennessee plant,” Volkswagen’s Chattanooga CEO Frank Fischer said in a statement.
EMCON employs about 7,500 people at operations in 19 countries and posts about $4 billion in annual revenue, according to the company’s Web site. EMCON is owned by One Equity Partners, a New York-based equity and investment firm that manages about $8 billion in investments from J.P. Morgan Chase & Co. The company was formed in 2004 after One Equity Partners bought Troy-based ArvinMeritor Inc.’s exhaust systems business for about $310 million.
Saturn Electronics & Engineering, a certified minority-owned supplier, will develop the solid state electronics modules for Volkswagen’s new sedan from Saturn’s headquarters in Auburn Hills.
“Saturn presented us with exactly what we were looking for: an innovative and cost-effective module that is tailored to our U.S. consumer market,” Fischer said in the statement. “As a minority-owned business, we are pleased to have Saturn as a partner in the production of the vehicle.”
Posted by Erin Rose at 8:06 PM