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USA - Metaldyne to sell or close 2 plants

Plymouth-based Metaldyne Corp. plans to sell or close a machining plant in Middleville and a die casting operation in Niles, Ill.

The automotive supplier of metal components and systems said the divestitures are part of a company cost-cutting effort. The plants produced products that were no longer part of the company’s core portfolio.

The company did not specify a closure or sale date.

The plants will be listed as discontinued operations, beginning with Metaldyne’s second-quarter 2008 earnings statement.

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