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GKN Sinter Metals Plant In Ohio Slated For $10 Million Expansion



       GKN Sinter Metals Plant In Ohio Slated For $10 Million Expansion

PR Newswire

AUBURN HILLS, Mich., May 30, 2013

AUBURN HILLS, Mich., May 30, 2013 /PRNewswire/ -- GKN Sinter Metals plans a
$10 million expansion of its Gallipolis production facility in southeastern
Ohio's Gallia County.

(Logo: http://photos.prnewswire.com/prnh/20130501/DE05643LOGO )

Matt Daniels, manager of the plant in Gallipolis, Ohio, said the project is
expected to add 50 full-time jobs and generate up to $20 million in additional
sales for the company over the next two to three years. 

The expansion will include the installation of a new 750-metric-ton,
powder-compaction press along with other capital equipment to launch
production of differential-gear components developed at the plant.

The 175,000-square-foot facility currently has more than 160 employees and
produces gears, clutch pressure plates and torque-converter components for a
variety of customers, including Chrysler, General Motors, EXEDY, LuK USA and
Allison Transmission.  Production of the new components is expected to begin
during the second half of 2013.

GKN Sinter Metals received tax credits and development grants valued at nearly
$800,000 to assist with the Gallipolis project from various state and local
agencies.  The State of Ohio awarded GKN a Job Creation Tax Credit and an
Economic Development Grant with a combined worth of $380,000.

The Southern Ohio Agricultural and Community Development Foundation (SOACDF)
also provided the company with a $350,000 development grant. Local incentives
included a City of Gallipolis Job Creation Tax Credit and a Gallia County
Community Improvement Corporation (CIC) Economic Development Grant with a
total value of $60,000.

"The untiring support that we've received from the community and all levels of
government has made this program possible," Daniels said. "We are eager to
install this new equipment and to begin production based on the new technology
that's been developed here in Gallipolis."

Local, county and state officials took part in a press conference at the
Gallipolis plant to announce the expansion program.  Participants included:
93rd District State Representative Ryan Smith; John Molinaro, president and
CEO of the Appalachian Partnership for Economic Growth; Larry Kidd, JobsOhio
board member; Gallia County Commissioner and President Harold Montgomery; Jay
Cremeens, Gallipolis city commissioner and president; Tammi Brabham, president
of the Gallia County Community Improvement Corporation, and Don Branson,
executive director of SOACDF.

"I am very excited that GKN chose the Gallipolis plant to expand their
business," said State Representative Ryan Smith. "We appreciate their
commitment to the area and the fact they recognize that we have a good labor
force in southeastern Ohio.  We are continuing to improve the community every
time we put another person to work and today there are 50 families that will
directly benefit from this great news."

John Molinaro, president and CEO of the Appalachian Partnership for Economic
Growth (APEG), added, "On behalf of the APEG, JobsOhio and the State of Ohio,
I would like to express appreciation for the fact that GKN Sinter Metals chose
its Gallipolis location for this important investment.  We have worked hard to
improve the business climate in Ohio to ensure that investments like the one
GKN has announced both make good economic sense for the company and promote
the prosperity of the community, region and state.  GKN's investment is a
testament to their trust that Gallipolis and Appalachian Ohio provide a
profitable operating environment, quality workforce and welcoming attitude."

County Commissioner Harold Montgomery said, "We are extremely pleased that GKN
chose to expand in Gallia County. These are good jobs and much needed for our
area. In the spirit of cooperation, we are pleased to see the state, county,
city and CIC work together for one common cause to retain and create job
opportunities in Gallia County."

Editor's notes:
GKN Sinter Metals -- GKN Sinter Metals is the world's largest producer of
precision powder metal products. With a focus on superior delivery, quality
and total solutions, the company offers extensive technical expertise in
design, testing and various process technologies. GKN Sinter Metals offers a
full range of more than 10,000 complex shape, high strength products for
automotive, industrial and consumer markets worldwide. The company's global
footprint spans more than 13 countries across five continents. GKN Sinter
Metals is in close proximity to its customers with more than 30 global
locations and approximately 6,500 employees.

GKN plc -- GKN plc is a global engineering group. It has four divisions; GKN
Driveline, GKN Powder Metallurgy, GKN Aerospace and GKN Land Systems, which
operate in the automotive, aerospace and land systems markets. Approximately
47,000 people work in GKN companies and joint ventures in more than 35
countries. GKN is listed in the London Stock Exchange (LSE: GKN).

SOURCE GKN Sinter Metals

Contact: Darren Greene, Phone: +1.248.792.1692, Email:
darren.greene@gknsintermetals.com; or Media Contact: Palmer Beerbohm or Larry
Weis, AutoCom Associates, Phone: +1.248.647.8621, Email:
pbeerbohm@usautocom.com or lweis@usautocom.com
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