Dayco Products, formerly known as
Mark IV Industries Mark IV Industries, Inc., headquartered in Amherst, New York, is a manufacturer of automotive components. The company is known for power and fluid transfer products that are used primarily in automotive and industrial businesses. It also introduced ...
, is an American parts supplier for construction, automotive, and industrial companies.
The companies annual earnings are approximately US$150 million.
[ Its main customers include Caterpillar and General Motors.]
History
Dayco was founded in 1905 as Dayton Rubber Manufacturing Co.rubber
Rubber, also called India rubber, latex, Amazonian rubber, ''caucho'', or ''caoutchouc'', as initially produced, consists of polymers of the organic compound isoprene, with minor impurities of other organic compounds. Thailand, Malaysia, an ...
. In 1908, the company hired John A. MacMillan, and began creating his product, the airless tire. The company also produced the first whitewall tire
Whitewall tires or white sidewall (WSW) tires are tires having a stripe or entire sidewall of white rubber. These tires were most commonly used from the early 1900s to around the mid 1980s.
Background
The use of whitewall rubber for tire has be ...
s in 1913. Beginning in the early 1920s, the company entered a diversification period when it radically increased the variety of its products. Dayco would eventually make many different rubber parts, as well as some textiles. It also pioneered some synthetic rubber products, including developing the first synthetic rubber tire. The company would be a valuable supplier of military products during World War II. The company officially changed its name to the DAYCO Corporation in 1960.
Controversies
Dayco filed for bankruptcy protection in April 2009, and emerged from bankruptcy approximately 6 months later. It eliminated about $750 million in debt during the bankruptcy.[ In 2015, Dayco attracted controversy when it announced it would be closing its two Distribution Centers in North Carolina and one in Nevada.][ Dayco was consolidating into its Memphis, Tennessee Distribution Facility. The move attracted media attention and resulted in several hundred jobs being lost.][
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References
External links
Official website
Automotive companies of the United States
Manufacturing companies based in Michigan
Manufacturing companies established in 1905
1905 establishments in Ohio
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