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Article: AZ Automotive Poised for Growth After Realigning Finances.
- Article from:
- PR Newswire
- Article date:
- October 8, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CENTERLINE, Mich., Oct. 8 /PRNewswire/ -- AZ Automotive, a Tier One full-service engineering and production supplier of metal stampings, assemblies, and modules to automotive manufacturers, is poised for growth after significantly reducing its debt and realigning its cost structure.
AZ Automotive reduced the leverage in its balance sheet by increasing its equity and reducing its overall debt by 55 percent. The result makes the company stronger financially and more competitive. "Today it's no longer enough to deliver engineering and operations excellence at competitive costs. In addition, a solid balance sheet is a must to compete in the automotive supply ...
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