Matchmaking summit nets $10.4 million in new Ford contracts

Dustin Walsh
CRAIN’S DETROIT BUSINESS

Published: January 15, 2014 9:27 am ET
Updated: January 15, 2014 9:28 am ET

Related to this story

Topics Automotive
Companies & Associations Ford Motor Co.

DEARBORN, MICH. — A program to match Ford Motor Co. and its tier-one suppliers with Michigan-based suppliers generated $10.4 million in new contract wins for Michigan companies.

Hundreds of representatives from 317 small suppliers attended a matchmaking event for Ford in March 2013 at Ford's Conference & Event Center in Dearborn. The results were to be announced Wednesday at the North American International Auto Show.

The 2013 Pure Michigan Business Connect Ford Matchmaking Summit, hosted by Ford and the Michigan Economic Development Corp., was the first of event of its kind designed to spark contract talks between Ford and 31 of its direct suppliers with Michigan's lower-tiered supply base.

The invitation-only all-day event created 680 meetings between the groups seeking to fill 372 procurement needs.

The state launched the program to boost Michigan's manufacturing economy.

Ford directly sourced $5.8 million with Michigan-based companies and its tier-one suppliers sourced $4.6 million with local companies.

Carla Traci Preston, director of Ford's supplier diversity development program, said the event allowed Ford to access new suppliers and diversify its suppler base with more minority-, women- and veteran-owned companies.

Preston said Ford's tier-one suppliers saw immediate benefits from the event. Auburn Hills-based Dura Automotive Systems LLC sourced new business soon after the event, she said.

"The matchmaking summit allowed the Dura Automotive team exposure to high-quality Michigan small businesses that we otherwise would not be aware of," Richard Hopkins, vice president of global purchasing for Dura, said in a news release.


Comments

Matchmaking summit nets $10.4 million in new Ford contracts

Dustin Walsh
CRAIN’S DETROIT BUSINESS

Published: January 15, 2014 9:27 am ET
Updated: January 15, 2014 9:28 am ET

Post Your Comments


Back to story


More stories

Image

Haitian builds system for Renault's new China auto assembly plant

April 24, 2015 11:10 am ET

A late-comer to the world's largest auto market, French carmaker Renault SA is currently building its first factory in China.    More

Image

Eriks NV buys two US polymer companies

April 24, 2015 10:38 am ET

Dutch company Eriks NV is expanding its reach in the North American plastics sector with two acquisitions: Dallas-based Seals and Packings Inc. and...    More

Image

Jeco adds Ferry rotational molder to handle increase in business

April 23, 2015 12:27 pm ET

Jeco Plastics Products LLC is ramping up for more work, adding a new Ferry 2600 rotational molder that will provide more capabilities.    More

Image

Engel, VW working on joint research into high volume composites in auto

April 23, 2015 9:40 am ET

Engel, the Austria-based manufacturer of injection molding machines, is building one of its largest machines for a research center looking into...    More

Image

Federal-Mogul building auto wiper blade plant in Romania

April 22, 2015 12:28 pm ET

U.S. car parts maker Federal-Mogul Holdings Corp. has unveiled plans to establish a new production facility in Ploiesti, Romania, reports local news m...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events