TDK, ALLEN-BRADLEY TO MAKE MAGNETS IN U.S.
TDK Corp <TDK.T> and <Allen-Bradley Co
Inc>, a Rockwell International Corp <ROK> subsidiary, have
agreed to set up a joint venture in the U.S. To make ferrite
magnets for the North American market, a TDK spokesman said.
    The new company, <Allen-Bradley/TDK Magnetics>, will be set
up on April 1 at a plant formerly operated by Allen-Bradley's
magnetics division in Shawnee, Oklahoma.
    It targets first-year sales of 30 to 40 mln dlrs which will
be marketed by TDK's subsidiary <TDK Corp of America>.
    TDK will own less than 50 pct of the venture, the spokesman
said without giving other details.
 REUTER
