SOUHFIELD, Mich. (Aug. 21)—Federal-Mogul Corp. and Taiho Corp., a subsidiary of Taiho Kogyo Co. Ltd. of Japan, have agreed to form a 50/50 joint venture. TF Global Gaskets L.L.C. plans to begin production of multilayer steel cylinder head gaskets in December at Federal-Mogul's Gordonsville, Tenn., plant. The pact supports Federal-Mogul's goal of fostering new relationships with Japanese car makers and Taiho's goals to earn new business with U.S. car companies, said Thomas Conaghan, senior vice president of Federal-Mogul's Sealing Systems and Systems Protection division. Initial production will be for North American car makers.
Federal-Mogul, Taiho to establish gasket joint venture in Tenn.
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