Industry News

CEO purchases Omaha Steel Castings

CEO Kevin Brown has bought Omaha Steel Castings (Wahoo, Nebraska).

According to the Lincoln Journal-Star, Brown purchased the company from Allan Lozier. Brown had been running the company since June 2014.

“I am very appreciative of the confidence shown in me by Allan with this sale,” Brown said in a news release. “His belief in and support of Omaha Steel has been critical over these last four years.”

Omaha Steel was founded in Omaha, Nebraska and moved to Wahoo in 2014. 

Petmin planning new Ohio pig iron plant

Petmin USA, a subsidiary of South African company Petmin, is planning to build a new pig iron plant in Ashtabula, Ohio.

Bradley Doig, president and CEO of Petmin USA, told the Star Beacon the proposed $474 million facility would be Petmin’s first in the U.S. The proposed plant would produce nodular pig iron, which is used in castings for automotive, aerospace, rail, construction, and other industries.

Clinkenbeard expands with new facility

In December, Clinkenbeard relocated to a 40,000-sq.-ft. facility in South Beloit, Illinois. The new facility is twice as big as the previous facility, and includes space for engineering, machining, a mechanical mockup build shop, and a foundry pattern shop.

In addition, several upgrades to the business have recently been made. The company recently installed a DMG Mori 5-axis milling center and a DMG Mori turning center.

Waupaca announces Michigan expansion

The Michigan Economic Development Corporation announced AFS Corporate Member Waupaca Foundry, a Hitachi Metals company, plans to expand in the city of Ironwood. According to a news release, the project is expected to generate an investment of $4.3 million and create 61 jobs.

“Waupaca Foundry’s decision to establish a facility in Ironwood is great news for Gogebic County and will mean good jobs for many of the talented workers in the region,” Michigan Gov. Rick Snyder said. “We applaud the company for choosing to locate here and are thrilled to welcome them to Michigan.”

U.S. and China Agree to Hold Off on Raising Additional Tariffs

During the G-20 talks held over the weekend in Argentina, President Donald Trump and Chinese President Xi Jinping agreed to halt new tariffs and not increase tariffs already in place.
 
The U.S. had been scheduled to increase tariffs on $200 billion of Chinese goods from 10% to 25% on Jan. 1. The agreement keeps those tariffs on thousands of products, including hundreds of types of Chinese castings at 10% for at least the next 90 days while the countries negotiate further.