Articles: Industry News

Holding to its mantra of continuous reinvestment in the business despite the uncertainties of 2020, AFS Corporate Member Craft Pattern & Mold (Montrose, Minnesota) took delivery of three new Haas machines that will expand its ability to handle large tooling and secondary machining of castings. The company manufactures prototypes for plastic and metal parts as well as production tooling for a wide range of commercial and industrial applications. 

The Foundry Educational Foundation (FEF) is partnering with the Blue Ocean Student Pitch Competition––the alliance will help high school students interested in entrepreneurship learn more about metalcasting by creating an innovative pitch that focuses on foundry challenges in the 21st century. 

Ares Commercial Finance has provided a $100 million senior secured credit facility to Pace Industries LLC, an entity owned by funds and accounts managed by TCW Asset Management Co. and by affiliated funds and accounts of Cerberus Capital Management, L.P. Headquartered in Fayetteville, Arkansas, Pace Industries is one of North America’s largest high-pressure aluminum, magnesium and zinc diecasting companies serving over 400 OEMs/Tier 1 customers. 

AFS Corporate Member Titan Robotics Ltd. announced in a November website statement it is entering a strategic collaboration with Jabil Inc. to accelerate the adoption of large-format, industrial additive manufacturing. Jabil Engineered Materials, a unit of Jabil, which develops polymer formulations and compounds at its ISO 9001 Materials Innovation Center, is working with Titan to qualify and integrate customized materials for use on Titan’s pellet-based Atlas 3D printers.

AFS Corporate Member Rio Tinto is introducing a new family of unique aluminum alloys designed to allow North American diecasters to increase their use of recycled content in the production of automotive parts. The new alloy series has been developed for high pressure vacuum diecasters to mix with their own scrap and recycled cleaned crushed wheels. As an alternative to buying lower grade secondary remelt ingots, the final blend will cost less, have a lower carbon footprint, and meet stringent industry standards.

Pratt & Whitney (East Hartford, Connecticut) a division of Raytheon Technologies Corp. says it plans to invest at least $650 million through 2027 in a world-class turbine airfoil production facility in Asheville, North Carolina. The 1-million-square-foot facility will house an advanced casting foundry for the production of turbine airfoils; the company will also conduct machining, coating and finishing of airfoils at the new location.

AFS Corporate Member Titan Robotics Ltd. announced in a November website statement it is entering a strategic collaboration with Jabil Inc. to accelerate the adoption of large-format, industrial additive manufacturing. Jabil Engineered Materials, a unit of Jabil, which develops polymer formulations and compounds at its ISO 9001 Materials Innovation Center, is working with Titan to qualify and integrate customized materials for use on Titan’s pellet-based Atlas 3D printers.

AFS Corporate Member General Motors (Warren, Michigan) announced on September 28 it will invest $71 million into two Ohio manufacturing facilities including $32 million at its Defiance casting plant to prepare the facility for future engine casting components work. 

Ryobi Die Casting (USA), Inc. (Shelbyville, Indiana), a supplier of large complex aluminum die castings, was recognized for a third consecutive year late this summer with an Excellence in Quality & Delivery Award from Honda. As one of only 26 out of 735 OEM parts suppliers serving Honda with parts for mass production to be awarded, Ryobi ranks in the top 3.5% of Honda North America’s excellent supply base for quality and delivery. 

LPM Group (Bovolenta, Italy) a supplier of machines, equipment and tooling for aluminum and magnesium low pressure and gravity die casting, has acquired 100% of the share capital of FATA Aluminum LLC in Auburn Hills, Michigan.