DongAh changes name of UK acquisition

ERJ staff report (DS)

Taylor, Michigan -- Dongah Tire & Rubber Corp., a leading supplier of rubber products for the automotive industry, has changed the name of its Vibration Management Systems (VMS) business unit it acquired from Avon Automotive to DTR VMS Limited.

Dongah Tire & Rubber's vibration-management business will continue to operate from its Chippenham, England, headquarters location. DTR VMS Limited was acquired by Dongah Tire & Rubber Corporation in December 2008.

“The name is designed to place the new business unit under a single DTR - Dongah Tire & Rubber - identity and underscores the continued growth of our company,” said Sang-Hun Kim, Dongah Tire & Rubber's president and CEO. “I am confident that DTR VMS Limited will enable us to build on our strengths and align our performance even more closely with our customers' expectations and demands.”

DTR VMS Limited designs, manufactures and supplies engine and suspension mounts, mass dampers, tank track pads and other vibration management products to leading global automotive and defense customers in Europe and North America. Revenues for 2008 totaled approximately $60 million.

Dongah Tire & Rubber Corporation is headquartered in Yusan, South Korea. The company has more than 3,000 employees and annual sales of more than $500 million. DTR VMS Limited's anti-vibration business employs more than 300 people with manufacturing plants in South Korea, China and England. The company has technical centers in Jinju, South Korea, Taylor, Mich. and Chippenham, England.

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Press release from DTR VMS