Dana building new HQ, technology center

Nora Naughton
AUTOMOTIVE NEWS

Published: June 9, 2014 11:37 am ET
Updated: June 9, 2014 11:45 am ET

Related to this story

Topics Automotive

Longtime auto supplier Dana Holding Corp. plans to expand its headquarters in Maumee, Ohio, and consolidate workers from other offices in the new space.

The expansion of the 191,000-square-foot corporate office and technology center is estimated to cost $7 million to $10 million, and the building will grow by more than 40,000 square feet.

Dana, one of the suppliers to Ford’s Model T with roots dating back 110 years, survived a nearly two-year bankruptcy reorganization in 2006-08 along with the U.S. economic crisis that followed. It moved out of its longtime headquarters in Toledo to the office in Maumee after the bankruptcy.

“We are very excited about our future growth,” said Dana spokesman Jeff Cole.

Dana makes sealing and thermal management systems, but is best known for its axels and powertrain parts.

Dana had leased the headquarters building and surrounding property from the Toledo-Lucas County Port Authority since the facility was built in 2003, but Dana Cos. -- a Dana subsidiary -- purchased the building and property for $17.6 million in mid-April.

Work on the expansion is expected to begin in September, and if construction starts on time, the work should be done in the summer of 2015.

When the expansion is complete, Dana will close its office 2 miles north of the headquarters building. A majority of the nearly 175 employees from that facility will move to the expanded headquarters building, Cole said.

Others from the company’s suburban Detroit office will also be moved to the expanded building in Ohio.

About 450 people plus contractors work in the current headquarters and that number should rise by about 200 once the expansion is complete, Cole said.

Separately, the UAW said today its members ratified a three-year agreement with Dana that provides wage increases for all workers. The agreement covers 2,500 UAW members in 11 Dana plants in the United States.

The agreement also improves pensions and narrows the gap between wage tiers, the union said.

“We have continued to close the wage gap between those workers who were hired after the Dana bankruptcy, while recognizing and rewarding those dedicated workers who successfully carried Dana through bankruptcy,” Cindy Estrada, a UAW vice president, said in the statement.

The Toledo Blade newspaper reported the move earlier Wednesday.


Comments

Dana building new HQ, technology center

Nora Naughton
AUTOMOTIVE NEWS

Published: June 9, 2014 11:37 am ET
Updated: June 9, 2014 11:45 am ET

Post Your Comments


Back to story


More stories

Image

Automakers look under the hood for the next lightweighting opportunities

August 20, 2014 1:06 pm ET

The automotive industry's current favorite target for lightweighting efforts is the powertrain, according to a recent survey.    More

Image

Cooper-Standard JV to focus on Asia

August 20, 2014 10:17 am ET

Cooper Standard Automotive Inc. is forming Cooper Standard Inoac Pte. Ltd. — a joint venture with Inoac Corp. of Japan — to expand the...    More

Image

Ohio molder sold to private equity firm

August 19, 2014 5:23 pm ET

Private equity firm TVV Capital of Nashville has acquired injection molder Design Molded Plastics Inc. for an undisclosed price.    More

Image

Germany's Bolta building $50 million plating plant in Alabama

August 19, 2014 2:21 pm ET

A German company is setting up a plastics chrome plating plant in Tuscaloosa, Ala.    More

Image

RTP expands very long fiber thermoplastic production to Mexico

August 19, 2014 9:47 am ET

RTP Co. has introduced very long fiber reinforced compounds at its Monterrey, Mexico, facility.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

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

More Events