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

SRG opens second China auto parts factory

October 24, 2014 11:25 am ET

U.S. automotive supplier SRG Global Inc. said Oct. 23 it is opening its second plant in China, an injection molding, plating and painting facility in ...    More

Image

Toyoda Gosei's growth strategy places a big focus on North America

October 23, 2014 1:21 pm ET

Sometimes, knowing your weaknesses is just as important as knowing your strengths. And if 2014 is any indication, automotive supplier Toyoda Gosei Co....    More

Image

Ford's final ACH plant, injection molder of HVAC systems, to close

October 22, 2014 1:58 pm ET

Ford Motor Co. will shed the last line of business in 9-year-old Automotive Component Holdings LLC by December when ACH closes its Plymouth, Mich.,...    More

Image

BASF targets coffee and automotive connoisseurs with new resin grades

October 21, 2014 2:07 pm ET

BASF SE is using polybutylene terephthalate (PBT), which is normally used to manufacture high-end electronics, in a food consumer packaging product.    More

Ford shrinks its supplier 'watch list'

October 20, 2014 1:35 pm ET

Ford purchasing chief Hau Thai-Tang says suppliers are starting to invest in additional production capacity because they think the recovery is real.    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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

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

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events