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GM to Invest $49 Million in Bedford, Gives Export Work to Saginaw General Motors announced it will
invest $49 million to purchase tool- ing and equipment for its Bedford, Ind., diecasting facility and has awarded its Saginaw Metal Casting Operations, Saginaw, Mich., a job to export aluminum castings for a new engine. The Bedord powertrain plant will
use the new equipment to produce components for a recently announced 8-speed transmission and a future small engine program. The investment is expected to create or retain 91 jobs. The improvement is part of a $2
billion U.S. investment package GM rolled out on May 10. The package is intended to benefit 17 facilities in eight states. Since mid-2009, GM has invested $3.4 billion in its manufactur- ing processes and created or retained 9,000 jobs in the U.S. The Bedford facility received $111 million in April of last year to produce GM’s Genera- tion 5 cylinder heads. “We appreciate the tremendous
support we have received from the Bedford community over the years,” said GM Manufacturing Manager Arvin Jones. “This investment is possible because of the teamwork between GM, the UAW, the IBEW, the Bedford community and the State of Indiana.” Bedford currently has 405 hourly and salaried employees. The castings to be produced in
Saginaw are slated to go on the light- weight Ecotec 2.4L engine used in fuel-efficient vehicles like the Opel Antara and Chevrolet Captiva in Asia.
A GM employee pulls a rack of castings at the Bedford, Ind., plant prior to GM’s an- nouncement it will invest $49 million at the facility to support new transmission and engine programs.
The new work, part of a $65 million GM investment to build additional Ecotec four-cylinder engines in New York and Tennessee, is expected to create or retain 53 jobs. “GM is committed to investing in manufacturing and jobs in the U.S.,” said Cathy Clegg, the company’s vice president of labor relations. “These investments in powertrain manufac- turing technology will help us meet the growing needs of our customers.” In Tonawanda, N.Y., additional ca-
pacity is being added for engines used in the Chevrolet Equinox and GMC Ter- rain crossovers. In Spring Hill, Tenn., the engine plant is adding capacity for direct-injection four-cylinder engines to support the acceleration of the 2013 Chevrolet Malibu. The Tonawanda and Spring Hill investments are part of the $2 bil- lion investment GM announced May 10, which is expected to create or retain 4,000 jobs in 17 facilities in eight states.
METAL Diecaster Dynacast Changes Hands Dynacast, Charlotte, N.C., has been
sold by holding company Melrose PLC, London, to a newly incorporated company, KDI Holdings Inc., managed by private investment firm Kenner & Company Inc., New York. The deal, which is expected to
close in August 2011, comes 18 months after the global diecasting firm closed its Montreal, Canada, plant. According to a Melrose executive, Dynacast has
July/August 2011
performed well in the six years it has been in its portfolio. “As a result of the improvement in
its performance, we have quadrupled the shareholders’ investment in Dy- nacast within six years,” said Melrose Chairman Christopher Miller. According to a press release is-
sued by the holding company, Dy- nacast’s management team will be retained, and business is expected to
continue as usual under the Kenner & Company umbrella. Dynacast provides zinc, aluminum
and magnesium diecast components to the healthcare, consumer electron- ics, computers and peripherals, and automotive industries, among others. The company has manufacturing op- erations and engineering support in 20 locations globally, including North America, Europe and Asia.
METAL For Design engineers & PurchAsers 9
Photo courtesy of GM Corp.
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