. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . inDusTrY neWs
Chrysler’s Etobicoke Casting Adding New Furnaces as Part of $27.2 Million Improvement
Chrysler’s Etobicoke Casting
Plant, Toronto, Ontario, Canada, has placed an order for several new melting and pouring furnaces to feed its new aluminum crossmember casting operation. Chrysler announced last August
it would invest $27.2 million in the 300,000-sq.-ft. Etobicoke diecasting facility to produce front and rear crossmembers (structural compo- nents in vehicle suspension systems
Grede Expands With Mexico Purchase
Grede Holdings LLC, Southfield,
Mich., has reached a definitive agree- ment to acquire two metalcasting fa- cilities in Mexico from Grupo Proeza. The domestic casting giant will
acquire the NovoCast and Teknik fa- cilities, both located near Monterrey, Mexico, for an undisclosed sum. The transaction is pending Mexican regula- tory approval and is expected to close by the end of the first quarter. “Grede looks forward to adding
the NovoCast and Teknik businesses to its ferrous casting and machin- ing operations,” said Doug Grimm, Grede’s chairman, president and chief executive officer. “We share complementary product lines and equipment, which will add to our existing manufacturing capacity in support of our customer growth pro- jections in this expanding economy.” Grede Holdings was formed in
2010 through the combination of as- sets of the former Grede Foundries Inc., Blackhawk Foundry (USA) and Citation Corp. With estimated annual revenues in excess of $750 million, the company specializes in ductile, gray and specialty iron castings, including lost foam and high silicon molybdenum applications. Grede has 3,700 employees and
operates 13 metalcasting facilities and three machining operations in the U.S. serving the transportation and indus- trial markets globally. The two new purchases represent the companies first international expansion.
METAL March/april 2011 For Design engineers & purchasers 9
that transfer and filter road loads from control arms to vehicle bodies) for future Chrysler vehicles starting in the third quarter of 2011. The pouring furnaces will be
provided by Støtek Danmark ApS, Vojens, Denmark, and Modern Equipment Co. Inc., Port Washing- ton, Wis., will build two large tower furnaces under a design license to Støtek. Modern also will supply ma- terial handling and control systems
to provide a constant supply of raw metal to the furnaces. Modern Equipment produces alu-
minum melting furnaces. ladles and other molten metal handling systems; Støtek makes electric resistance and fossil fueled furnaces for melting, holding and pouring aluminum. The Etobicoke contract is the first major contract the two companies have sold and will build under the license agreement they signed in 2010. METAL
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