INDUSTRY NEWS
ThyssenKrupp Plans to Divest Waupaca Casting Division U.S.-based ferrous caster Tyssen-
Krupp Waupaca (TKW), Waupaca, Wis., is on the selling block, accord- ing to a press release issued by its parent company. Te executive board of TKW
parent Tyssenkrupp AG, Essen, Germany, announced it decided to divest the iron casting division as part of its plan to reduce debt and focus on the automotive sector, particularly in emerging markets. “TyssenKrupp wants to focus the
portfolio and discard business ac- tivities for which alternative strategic options are more suitable,” read the company’s press release. Representatives for Thyssen-
Nadicom to Build $85M Wind Plant Te North American Ductile Iron
Co. (Nadicom), Fulton, Md., recently announced plans to locate the compa- ny’s first North American ductile iron casting facility in Iowa City, Iowa. Te facility is expected to have the
capacity to pour and machine large castings with an initial focus on the wind turbine market. Te $85 million plant should employ 175. Nadicom Chief Executive Officer Prasad Ka- runakaran said multiple factors were considered when choosing a location. “We plan to build this operation
from the ground up and wanted a location that would allow us to…max- imize productivity,” he said. “Tis Iowa City site provided a central location , complete with rail and other logistical considerations, and access to a world- class workforce.” Te Iowa City Area Development
Group indicated it had been in discus- sions with Nadicom, as well as the City of Iowa City and the State of Iowa, about the location since August 2010. Te city and state have pledged to work with the company to begin operations by 2013. Karunakaran said utility rates in the area were competitive and Nadi- com plans to use a local community college job training program.
This rendering of the Willman Industries expansion shows three new bays and a core room addition. Ferrous metalcaster Willman In-
dustries, Cedar Grove, Wis., has begun a $3 million construction project to create a new scrap storage area and expand its core room. A ductile and gray iron job shop,
Willman’s new three-bay scrap storage area will include a new furnace bay for two additional 9-ton furnaces and a scrap preheater. Te company expects the expansion to result in a 50% melting capacity increase and a 25% increase in its large casting molding area, as it will move its scrap storage and furnace charging system into the
new bay. Te project is expected to be completed by the end of 2011. Jerry Hendrickson, Willman’s vice
president of sales, said the expansion and increase in capacity is in anticipa- tion of increased customer demand. Willman serves the agriculture, auto- motive and truck, construction, diesel, energy, machine tool, marine, mining, oil and gas, paper and printing, power transmission and railroad industries, among others. Te company produces nobake and green sand castings from 500 lbs. to 20 tons out of its 100-em- ployee, 150,000-sq. ft. facility.
June 2011 MODERN CASTING | 9
Krupp and the metalcasting division declined to comment further on the impending sale. TyssenKrupp reports TKW has sales of more than $1 billion annually and about 3,000 employees. Te parent said the metalcasting company would be sold “within the context of a best owner process.” Te sale is subject to the approval of TyssenKrupp’s super- visory board, which will vote on May 13. In addition to the sale of TKW,
TyssenKrupp announced it intends to divest TyssenKrupp Tailored Blanks, consolidate the Bilstein Group and Presta Steering, divest its traditional springs and stabilizers business activi-
ties, as well as the Brazilian Automo- tive Systems business, and “separate” Stainless Global from the group. Tys- senKrupp already is in the process of divesting TyssenKrupp Metal Form- ing and TyssenKrupp Xervon and implementing a partnership between Abu Dhabi Mar and TyssenKrupp Marine Systems. Based on data from the previous
fiscal year, TyssenKrupp estimates the divestments to be worth more than $14 billion and involve 35,000 employees. Te diversified manufac- turer currently has almost 177,000 employees in more than 80 countries and generated sales of more than $60 billion in FY2009-2010.
Willman Announces $3 Million Expansion
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