Shinhwa Auto USA Corp. is adding a second auto parts manufacturing facility in Auburn, Alabama, as part of a $78 million growth project that will create 42 jobs over the next three years. The company will build a new 400,000-sq.-ft. factory across from its existing location in Auburn Technology Park West.
Druid Capital Partners and Elyton Capital have bought AFS Corporate Member Franklin Iron Works, Inc. (FIW) and Alabama Castings, LLC—collectively known as “Franklin Iron.”
According to reporting by bizjournals.com, new ownership plans to retain all 145 Franklin Iron employees. A Druid Capital spokesperson told the journal that FIW is hiring for select positions at its locations in Thorsby and Aliceville, Alabama.
McWane Ductile Ohio—part of the McWane, Inc. family of companies––has announced a $45 million total investment in its Coshocton County plant. Its investment has more than doubled since the initial $21.5 million collaboration was finalized with JobsOhio, the Ohio Department of Development, Ohio Southeast Economic Development (OhioSE) and the Coshocton County Port Authority, including a 1.372%, six-year Job Creation Tax Credit from the Ohio Tax Credit Authority.
Potentia Manufacturing Group has purchased New England Foundry LLC, formerly the Anbar division of Edson International. Located in Taunton, Massachusetts, New England Foundry—which specializes in sand casting of aluminum, brass, and bronze chiefly for the marine market, as well as aerospace and industrial markets—continues to manufacture its products in its updated Taunton facility.
AFS Corporate Member Buck Co. Inc., in conjunction with its parent company, The Dixon Group, has acquired Richmond Foundry LLC, a 50-year-old AFS Corporate member in Dayton, New Jersey, that produces high-quality brass and bronze sand castings. Richmond’s 40,000-sq.-ft. facility adds capacity and capabilities that will benefit both companies’ customers.
Shinhwa Auto USA Corp. is adding a second auto parts manufacturing facility in Auburn, Alabama, as part of a $78 million growth project that will create 42 jobs over the next three years. The company will build a new 400,000-square-foot factory across from its existing location in Auburn Technology Park West.
A Northwestern University project––including work by Dr. David Dunand, professor of materials science and engineering at the McCormick School of Engineering––is one of 30 selected for funding by the U.S. Department of Energy (DOE) to reduce industrial emissions and manufacture clean energy technologies.
Working with Boeing and AFS Corporate member Eck Industries, “Replacing Cerium with Energy-Efficient Mischmetal in Cast Aluminum Alloys for Aerospace Applications,” is receiving $500,000 of the $57.9 million funded by the DOE’s Advanced Manufacturing Office.
A Northwestern University project––including work by Dr. David Dunand, professor of materials science and engineering at the McCormick School of Engineering––is one of 30 selected for funding by the U.S. Department of Energy (DOE) to reduce industrial emissions and manufacture clean energy technologies.
Working with Boeing and AFS Corporate member Eck Industries, “Replacing Cerium with Energy-Efficient Mischmetal in Cast Aluminum Alloys for Aerospace Applications,” is receiving $500,000 of the $57.9 million funded by the DOE’s Advanced Manufacturing Office.
Blue Sage Capital, an Austin, Texas-based private equity firm, has completed its investment in Baker Manufacturing Co., LLC, Evansville, Wisconsin, which makes residential, industrial, municipal, and environmental water well equipment and accessories, as well as specialized rotary gear pumps and ductile and gray iron castings.
AFS Corporate Member Charlotte Pipe and Foundry Co. (Charlotte, North Carolina) purchased AFS Corporate Member Neenah Enterprises, Inc., (Neenah, Wisconsin) effective July 13. Neenah’s plants in Medley, Florida, Neenah, Wisconsin, and Lincoln, Nebraska, manufacture construction and industrial castings. Neenah has been operating in the construction castings industry for 150 years.