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Metaldyne, an Asahi Tec company, has been awarded $50 million in new contracts from multiple automakers to supply powder metal forged connecting rods for 4- and 6-cylinder engines, including a $25 million contract from an Asia-based automaker.
Daido Metal acquired ATA Casting Technology, the Thai aluminium die-casting business of Asahi Tec, from Unison Capital for USD 105 million. The deal strengthens Daido Metal's global reach in automotive components.