Industry News

Grede Acquires Certain Assets from RMG Waukesha swetzel Thu, 06/04/2020 - 09:50

Grede (Southfield, Michigan), the leading developer, manufacturer, assembler and supplier of ductile, gray and specialty iron castings and machined components for automotive, commercial vehicle and industrial markets, has purchased certain assets of Renaissance Manufacturing Group (RMG) Waukesha, LLC.

Wellman Dynamics completes the purchase of additional property

AFS Corporate Member Wellman Dynamics (Creston, Iowa) has purchased the former Ferrara Candy Company property at 500 Industrial Parkway in Creston. The property includes 315,000 sq. ft. of manufacturing, office, and warehouse space, along with approximately 20 acres of land. The facility will be repurposed for an expansion of Wellman's existing foundry operations a block away.

Damascus Steel Casting Company joins Temperform and The C.A. Lawton Co. swetzel Mon, 04/06/2020 - 13:54

Private equity firm, Oakland Standard Company, announced Damascus Steel Casting Com

SinterCast reports CGI production is up in 2020 swetzel Tue, 03/24/2020 - 16:29

Annualized SinterCast CGI series production for the first two months of the year reached 3.1 million Engine Equivalents, providing a 5.4% year-on-year increase. The sampling volume at customer foundries remained stable at recent run-rates throughout February, providing a positive indication for foundry shipments into March, SinterCast AB reports.

Small foundries in all U.S. states eligible to apply for low-interest loans due to COVID-19 swetzel Mon, 03/23/2020 - 14:21

The Small Business Administration has created a comprehensive coronavirus page with all of its resources in one place. You can find that page here.

Bremen Castings now called BCI Solutions swetzel Mon, 03/23/2020 - 14:16

Bremen Castings Inc. (Bremen, Indiana) unveiled March 17 on LinkedIn that it has a new name and website, BCI Solutions, www.bcisolutions.com. 

Benton Foundry to invest $21 million in expansion swetzel Fri, 03/06/2020 - 12:02

AFS Corporate Member Benton Foundry (Benton, Pennsylvania) will be expanding its iron casting operations over the next three years, creating at least 40 new jobs, according to an announcement from Pennsylvania Governor Tom Wolf. Roughly 80,000 sq.ft. of manufacturing space will either be added, replaced or repurposed in the $21 million investment.
 

Tupy acquires Teksid's cast iron business

Tupy S.A., a Brazilian-based supplier of cast iron components, announced it agreed to purchase Fiat Chrysler’s global cast iron automotive components business, which is operated through FCA’s subsidiary Teksid S.p.A. 

The transaction includes Teksid’s facilities in Brazil, Mexico, Poland and Portugal, plus Teksid’s interest in a joint venture in China, Teksid’s engineering office in Italy and the sales office in the U.S.