The Swedish engineering group Haldex is a heavy hitter in the Stockholm Stock exchange, and calls itself a “provider of proprietary and innovative solutions to the global vehicle industry…”
Haldex announced Monday that it will relocate the operations of its facility in Statesville, North Carolina to an existing Haldex plant in Rockford Illinois.
The merger of the Statesville and Rockford facilities is said to implement by mid-2010.
“Following the merger and investments, the plant in Rockford will be a
state-of-the-art operation with world-class processes in line with the
lean manufacturing principles for production, development, quality,
logistics and customer support,” BussinessWire.com reported.
If we are lucky, this merger will create more jobs in the area, but it will not solve the financial problems of the people of Rockford. If you are in financial trouble and want to know more about bankruptcy, call the Crosby Law Firm at 815-397-2006.
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At THE CROSBY LAW FIRM, we provide legal services to clients in Rockford, Illinois, as well as the cities of Loves Park, Machesney Park, Cherry Valley, Winnebago, South Beloit, Belvidere, Marengo, Oregon, Byron, Stillman Valley, Freeport, Rockton, Roscoe, Beloit and Janesville in the Illinois counties of Winnebago County, Boone County, Ogle County, Stephenson County and DeKalb County; and in the Wisconsin counties of Beloit, Janesville and Rock.