Gates confirms plan to end air springs production

DENVER (Oct. 12)–Gates Corp. plans to exit the air springs industry on a timetable that allows for smooth transition for its customers to other suppliers.

The company plans to sell or close its air springs production operations in Denver, Mexico and Germany. Gates, a subsidiary of Tomkins P.L.C., is leaving the sector because “our analysis shows that the long-term potential of the air springs market is no longer in line with our strategic goals,” according to Gates President Richard Bell.

The decision was made after Gates conducted…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with