Re: Crane Cams will reopen

[chymar01@xxxxxxxxxxx]

http://www.autoweek.com/article/20090227/CARNEWS/902279984 





Well-known cam shafts company Crane Cams shut down Feb. 24 for restructuring but says it plans to reopen, likely sometime in March. 

All of the company’s 280 workers were laid off, though about 25 remain to work on military contracts. The closure was in response to the global economic problems, said vice president Steve Leva. He said the Daytona Beach, Fla., company planned to reopen in as soon as a week, or it may take up to 30 days. 

Crane’s parts have become synonymous with performance and have been used by A. J. Foyt, the Wood Brothers, Bill Elliott, Richard Petty and many other well-known drivers. 

The 56-year-old company first made a splash at the 1961 NHRA nationals, when a dragster using Crane roller cams was piloted by “Sneaky” Pete Robinson to the Top Eliminator award, breaking records and upsetting more-established competitors in the process. 

Robinson’s success helped the company gain recognition throughout the 1960s as racing grew and the Detroit automakers thrived. 

In late 2006, Crane was acquired by Mikronite Technologies Group Inc., and Leva said $18 million has been invested in equipment since the acquisition. 

Earlier this week, the Daytona Beach News-Journal reported that Crane was closing, though more details were not available at that time. 

To read more visit the AutoWeek New car news, road tests, blogs, pix and expert insight section. 
This article was last updated on: 02/27/09, 15:06 et 




----- Original Message ----- 
From: "Wakeman Massie" <wakey@xxxxxxxxxxx> 
To: 1962to1965mopars@xxxxxxxxxx 
Sent: Tuesday, March 3, 2009 1:20:23 AM GMT -05:00 US/Canada Eastern 
Subject: Re: Crane Cams needs more duration 


AWFUL!!! 

Sickening. 

And where am I going to get RB and LA hyd. roller lifters now? 

Wakeman 

----- Original Message ----- 
From: "Enzo Cremasco" <csmopars@xxxxxxxxxx> 
To: <1962to1965mopars@xxxxxxxxxx> 
Sent: Monday, March 02, 2009 4:40 PM 
Subject: Fw: Crane Cams needs more duration 


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FYi for the group 

Crane Cams needs more duration 
> 
> 
> DAYTONA BEACH â?" Crane Cams, a 56-year-old auto 
> parts manufacturer, 
> closed its doors this week and laid off its employees, a 
> worker said 
> today. 
> 
> The news took Volusia Countyâ?Ts top economic development 
> officer by 
> surprise. City, county and state officials were working 
> with Crane 
> Cams and officials from its New Jersey parent, Mikronite 
> Technologies, 
> to keep the company open and in the community. 
> 
> â?oWe were trying to help them through this 
> transition,â?� said Rick 
> Michael, Volusia County economic development director. 
> â?oThey were 
> considering a transfer of ownership. We were not expecting 
> any closure.â?� 
> 
> An automated voice mail system at Craneâ?Ts plant on 
> Fentress Boulevard 
> announced at midday today the company was closed and 
> suggested calling 
> back during business hours, 8 a.m. to 5 p.m. A call to 
> Mikroniteâ?Ts New 
> Jersey offices produced similar results. Six cars sat in 
> the parking 
> lot early this afternoon at the local plant, which employed 
> 220 just 
> three years ago. 
> 
> Inside the lobby, a reception desk sat empty. A call from 
> the lobby 
> phone got an answer from Dennis Burgess, who declined to 
> comment and 
> said no one at the plant could provide information. 
> 
> In the parking lot, 14-year employee Ronald Dorn was 
> leaving the plant 
> for what he believed was the last time 
> 
> He said workers were told during the past week that layoffs 
> were 
> likely, but he didnâ?Tt expect the plant to close. 
> 
> Mikronite received approval in 2006 to receive tax rebates 
> from the 
> state and the county amid discussion about moving its New 
> Jersey 
> operations here. But the company ended its contract with 
> the state in 
> 2008 due to nonperformance, Michael said. 
> 
> â?oCrane has gone through a series of small layoffs 
> recently,â?� he said. 
> 
> Crane Cams and Crane Technologies Group were founded by 
> Harvey J. 
> Crane Jr. in 1953 as Crane Engineering Inc. in Hallandale. 
> The company 
> is well known in high-performance and racing circles for 
> its line of 
> camshafts and engine valve train components. 
> 
> In 1979, Crane Cams became an employee-owned company. Some 
> operations 
> moved to Daytona Beach in 1981, with the remainder of the 
> operation 
> and employees relocating here in 1985. 
> 
> Mikronite, an industrial technology firm, bought Crane in 
> 2006. 
> 
> In March 2007, Mikronite sold its property on Fentress to 
> STAG Capital 
> Partners of Boston, then signed a 10-year lease. 
> 
> 
> 
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---- 
Please address private mail -- mail of interest to only one person -- directly to that person. I.e., send parts/car transactions and negotiations as well as other personal messages only to the intended recipient, not to the Clubhouse public address. This practice will protect your privacy, reduce the total volume of mail and fine tune the content signal to Mopar topic. Thanks! 

'62 to '65 Mopar Clubhouse Discussion Guidelines: 
http://www.1962to1965mopar.ornocar.org/mletiq.html. 




[Non-text portions of this message have been removed]


----
Please address private mail -- mail of interest to only one person -- directly to that person.  I.e., send parts/car transactions and negotiations as well as other personal messages only to the intended recipient, not to the Clubhouse public address. This practice will protect your privacy, reduce the total volume of mail and fine tune the content signal to Mopar topic.  Thanks!

'62 to '65 Mopar Clubhouse Discussion Guidelines:
http://www.1962to1965mopar.ornocar.org/mletiq.html. 

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