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| | American Metal Market: Panax opens Detroit office for vehicle component sales - Panax Trading Company Ltd |
 | | The new Detroit office, with a staff of four, is intended to supplement Panax's Baltimore, Houston and Jacksonville, Fla., distribution centers, according to James Kalish, president and managing director. |
 | | Panax, which is based in the Cayman Islands of the British West Indies, had been part of Sifco Industries, acting as a distribution subsidiary, until 1982, when it was incorporated on its own. |
 | | Although Panax has offices and operating subsidiaries in 13 countries, Kalish said most of the company's business is importing products to the North American market, or deals between other countries such as Brazil and Germany. |
| www.findarticles.com /p/articles/mi_m3MKT/is_v93/ai_3900177 (456 words) |
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