Hayes Lemmerz in majority ownership of Turkish JV

Hayes Lemmerz International, Inc. has acquired an additional 35 per cent of its joint venture, Jantas Jant Sanayi ve Ticaret A.S.

, in Turkey. Hayes Lemmerz now owns 60 per cent of the company, which is part of Hayes Lemmerz’ European Wheel Group. The remaining 40 per cent is held by Inci Holding A.

S., Cevdet Inci, and members of his family. The joint venture has been renamed Hayes Lemmerz Jantas Jant Sanayi ve Ticaret A.

S.. Jantas has the capacity to produce over 1.

2 million wheels annually. “Jantas supplies over 175 customers in 50 countries,” said Curtis Clawson, Chairman and Chief Executive Officer of Hayes Lemmerz International. “We are confident in the tremendous opportunity Jantas provides to increase our market share in Western and Eastern Europe and Asia.