Reshoring and foreign direct investment (FDI) job announcements in 2022 were at the highest rate ever recorded, according to the Reshoring Initiative’s 2022 Data Report. The report said fourth-quarter announcements accelerated even more than anticipated due to the Chips and Infrastructure legislation and deglobalization trends.
Articles: Industry News
05.15.23: Reshoring and FDI up 53%, a new record
On March 30, Victaulic, a manufacturer of mechanical pipe joining, fire protection and flow control solutions, acquired Horizon Metals Inc., located in Nephi, Utah. Victaulic stated the addition of the 1.4-million sq.-ft. foundry increases its capacity for large-diameter piping solutions and is aligned with the strategy to manufacture these products in the U.S.
05.15.23: AFS magazines win publishing awards
Modern Casting and Casting Source received two writing awards from the American Society of Business Publication Editors (ASBPE) at the Upper Midwest Region awards banquet in Chicago on April 13. Called the “AZBEES,” the awards recognize excellence in journalistic reporting for business-to-business and trade publications.
The LIFT manufacturing research institute and undergraduate teams at Michigan Technological University have developed a new metal atomization chamber to support production of powdered metals in support of hypersonics materials production. The research is expected to contribute to developing new materials and “road maps” for hypersonics applications.
AFS Corporate Member Waupaca Foundry has expanded production capabilities at Plant 1 located in Waupaca, Wisconsin, adding horizontal molding to existing vertical molding capabilities. Installation on the new line began in February. To mark its new capabilities, the foundry held a “first pour” event on April 18.
General Motors recognized Ryobi Die Casting (USA), Inc. as a 2022 Supplier of the Year, which recognizes global suppliers that distinguish themselves by exceeding the automaker’s requirements and enabling it to providing customers with innovative technologies and high quality products. GM celebrated this fourth-time winner and all its honorees at its 31st annual Supplier of the Year event in San Antonio, Texas.
Pending certain approvals, A.Y. McDonald Mfg. Co. will begin construction this year on a state-of-the-art brass foundry on a 100-acre parcel in the Southwest Wisconsin town of Dickeyville, which will be the largest project in the company’s 167-year history.
“In a time when most companies go where the best incentive packages take them, we made the commitment early on to build our next foundry where our current foundry co-workers live, and that is right here in the tri-state area,” said Rob McDonald, CEO of A.Y. McDonald Mfg. Co.
As premium car buyer priorities move from speed, style, and luxury to greater interest in the origin, sustainability, and emissions profile of car materials, a new mantra has emerged: “Green is the new black.” This fundamental shift in the automotive market has led to the creation of a new, innovative partnership between Rio Tinto and the BMW Group, which share a common goal of developing more responsible, sustainable, traceable, and secure supply chains.
General Die Casters Inc. (Twinsburg, Ohio) is joining forces with Dart Casting Inc. (Alsip, Illinois) under common ownership. Both organizations will continue under their current names and operate 41 casting machines—ranging between 400 and 1,200 tons—and 28 CNC machining centers, creating one of the leading middle-market diecasting companies in the Midwest. The merger creates the ability to leverage each company’s capabilities and customer base to continue a trajectory of growth.
AFS Corporate Member Boose Aluminum Foundry (Reamstown, Pennsylvania) has received a land development plan waiver to rebuild its facilities after a devastating fire on April 19, 2022. Local township supervisors have approved the company’s proposed new 1,490-sq.-ft. structure to replace 11,740 sq. ft. of a destroyed building.
The remaining 10,250 sq. ft will be converted to gravel and an existing 250-sq.-ft. concrete pad will be removed and reverted to grass. The finished project reduces the amount of impervious surfaces—which impact stormwater runoff—by
6,177 sq. ft.