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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: jmj who wrote (19172)	3/20/2003 9:23:42 AM
From: Esoteric1	Read Replies (1) \| Respond to of 23153

From OMG yahoo board This came out pre-bell. And no one caught it. OM develops EcoSport catalytic converter Brazil, Mar 18, 2003 (Gazeta Mercantil/SABI via COMTEX) -- The US (OMG) OM Group, one of the leading in the world' vehicles catalytic converters market, with 70% market share in the Brazilian market, started the production of its new line in Brazil, specially developed to the EcoSport - new Ford car manufactured in the Camacari-based unit (Bahia). OMG, which will be the exclusive supplier of the 1.6 model will produce 2,000 units/month. After one year of researches and investments of R$100,000 OMG developed the most advanced catalytic converter of Brazil. The equipment is being produced in the Americana-based plant (Sao Paulo), where the company invested US$10mil. I thought it was bigtime news as this opens the gate with FORD and we already have a contract with Chevy and those small cars are what China/Korea/Japan/Europe use. After one year of researches and investments of R$100,000 OMG developed the most advanced catalytic converter of Brazil. In spite of a cashflow problem, bad earnings, etc...they completed the R&D project and are now in the production phase. Got to hand it to Mooney, this was a very important feather in his cap and he can name his price if he wants for a partner in this business. JMO. (Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)