Superior Industries Plans Joint Venture in Europe
Superior Industries International Inc. said it has signed an agreement for a joint venture with German-based Otto Fuchs Metallwerke to construct a plant in Europe for the production of lightweight forged and low-pressure cast aluminum wheels for the automotive industry.
Louis L. Borick, president of Superior, said initial plans call for the joint venture to produce up to 2 million wheels per year. Superior Industries, based in Van Nuys, supplies cast aluminum wheels for Ford, General Motors and many other automobile manufacturers.
Otto Fuchs, which produces metals used by the automotive, construction and aircraft industries, reported sales of about $1.2 billion last year, Superior Industries said.
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