Metaldyne LLC has announced that it was named one of the fastest growing businesses in the Detroit metropolitan area by Crain’s Detroit Business for the second year in a row.
The list ranks private and public companies headquartered in the Detroit metropolitan area, USA, by two factors, dollar revenue growth and percentage revenue growth over the past three years.
Metaldyne exhibited revenue growth of 59% between 2009 and 2012, from $630 million to over $1 billion.
“By focusing our investments in our engine, transmission and driveline product and process technology, Metaldyne has seen substantial growth,” stated Thomas Amato, Metaldyne’s President and CEO. “We are honoured to once again be included in this group of excellent companies headquartered in the metro Detroit area.”
The company’s biggest area of growth came from its powertrain segment, where Metaldyne introduced new technologies “to improve or support the performance of advanced and more fuel-efficient engines and transmissions,” stated Amato.
Other notable supplier recipients included Borg Warner Inc., American Axle & Manufacturing Holdings Inc., TI Automotive, Piston Automotive, Lear Corp., TRW, Meritor Inc., in addition to automotive OEMs Chrysler Group LLC and General Motors.
“We appreciate the acknowledgement, which is a testament to our culture of continuous improvement and commitment to operational excellence throughout all of our locations. All Metaldyne employees work hard every day, and this is a result of their efforts,” added Amato.