Dayco

Dayco started full-scale belt production at its new manufacturing facility in San Luis Potosí, Mexico. Construction was completed ahead of schedule, and the official grand opening took place on February 27, 2024.

Dayco, Tecno System and Monet entered into an equity agreement to create an electronics competence center for electrified propulsion systems. The transaction is expected to close by end of June 2023; financial details were not disclosed.

Dayco has won a significant business award for its alternator decoupler pulleys (ADP) and will start production at its facility in China by mid-2024. The ADPs will be supplied to a leading global alternator brand for a European car manufacturer.

Dayco announced a major investment in a new high-tech belt production facility in San Luis Potosi, Mexico. Construction is due to be completed by Q1 2024.

Private equity firm Hidden Harbor Capital Partners agreed to acquire Machinery Services Corp and Rapid Pump & Meter Service, Northeast US facility services providers focused on pumps, motors and water infrastructure. Financial terms were not disclosed.

Dayco announced it will supply its advanced heavy-duty decouplers to a leading truck manufacturer in China. Production at Dayco's in-house decoupler facility in China will begin in early 2022.