Allegiant Global® Secures Contract to Handle By-Product Management for Dana Corporation’s North American OperationsInnovative alliance will advance both environmental and procurement development for Toledo, Ohio based Dana Corporation February 12, 2007, Indianapolis, IN – Allegiant Global Services has entered into an agreement for comprehensive by-product management services with Dana Corporation. The results of the program are expected to produce a comprehensive management solution for most by-products including Hazardous Waste, Non-hazardous/Industrial Waste, General Refuse, Universal Waste (batteries, light bulbs, etc.), Recyclables (plastic, foam, cardboard, wood/pallets, paper, glass, ink cartridges, etc.), Miscellaneous Scrap Metals (non-commodity steel, iron, copper, etc.), E-Scrap (electronic components, computer equipment & peripherals), Product and Document Destruction, and materials from Parts Washers and related cleaning devices. The North American facility program will focus on reducing costs while searching for improved environmental handling methods that can reduce landfilling and increase recycling. The program includes components that will consolidate the services of many vendors under one management structure. Curtis Tinney, Commodity Manager for Dana, noted, “Dana is committed to finding innovative solutions to managing non-core functions. Hiring an expert in waste and by-products will improve processes for our organization in both the environmental and procurement groups.”
"Allegiant Global invests significant resources to the implementation of our customers’ environmental goals,” said Eric Tate, President of Allegiant Global. "After several months of a trial endeavor at selected Dana locations, Allegiant Global is ready to begin full implementation of a customized program tailored for Dana Corporation,” he added. Dana is a leading supplier of drivetrain, chassis, structural, and engine technologies. Dana people design and manufacture products for every major vehicle and engine producer in the world. Based in Toledo, Ohio, with operations throughout the world, Dana is focused on being an essential partner to automotive, commercial, and off-highway vehicle customers, which collectively produce more than 60 million vehicles annually. The company’s continuing operations reported sales of $8.6 billion in 2005. Dana’s Internet address is: www.dana.com.
Dana and certain of its U.S. subsidiaries are operating under Chapter 11 of the U.S. Bankruptcy Code as debtors in possession. Information about the bankruptcy proceedings can be found at http://www.dana.com/reorganization. While Dana continues its reorganization under Chapter 11, investments in its securities are highly speculative. Although shares of Dana common stock continue to trade on the OTC Bulletin Board (OTCBB) under the symbol "DCNAQ," the trading prices of the shares may have little or no relationship to the actual recovery, if any, by the holders under any eventual court-approved reorganization plan. The opportunity for any recovery by holders of Dana common stock under such reorganization plan is uncertain and shares of Dana common stock may be canceled without any compensation pursuant to such plan. Allegiant Global is a leading international provider of by-product management solutions and has experienced successful financial and geographical growth by delivering value to clients. Core business offerings include providing efficient, innovative, and environmentally sound by-product management and manufacturing support services. Learn more at www.allegiantglobal.com .
For additional information, contact:
Joanne Jones
This email address is being protected from spam bots, you need Javascript enabled to view it
|