The Australian auto industry dodges a second bullet within a month’s time as a rescue package saves Ajax Engineered Fasteners from liquidation – and the industry from a shutdown. The Melbourne-based division of Global Engineered Fasteners Pty. Ltd. (GEF) is the largest manufacturer of industrial and automotive fasteners in the Southern hemisphere and now is in voluntary administration, similar to U.S. bankruptcy. GEF supplies Pacifica Group Ltd., PBR International Ltd. and Textron ...
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