INDUSTRY news
GM to Invest $215 Million in Saginaw Metal Casting Operations General Motors announced it
T e investment is the latest
will invest about $215 million in its Saginaw Metal Casting Operations, Saginaw, Mich., to update it for future engine block and head work. “We look forward to continuing
our long and proud heritage of in- house casting for key components,” said Diana Tremblay, GM’s global chief manufacturing offi cer. “We believe these operations really enhance our ability to provide more fuel- effi cient engines to our customers around the globe.” According to a GM press release,
the investment is expected to create or retain about 275 jobs at Saginaw Metal Casting Operations. T e plant, which currently has about 630 employees on two shifts, builds a variety of aluminum engine blocks and cylinder heads for GM products, including the Buick LaCrosse and Chevy Malibu.
New Grede Adds to Its Metalcasting Holdings
Grede Holdings LLC, Southfi eld,
Mich., has completed the acquisition of the assets of Paxton-Mitchell Corp., Omaha, Neb. Grede will change the name of the industrial caster and machinist to Grede Omaha LLC. Grede offi cials said the acquisition will strengthen the company’s position in the heavy truck and industrial markets but did not disclose fi nancial terms. “We have focused on diversifying our business model to weather cyclicality, and now 60% of our revenues are derived from nonautomotive customers,” said Doug Grimm, Grede’s chairman, president and chief executive offi cer. T e newly acquired facility employs
75, and Grede expects to expand employment in 2012 as business is transferred to Omaha from its other metalcasting assets. T e new Grede was formed in
2010, has 5,000 employees and operates 16 metalcasting facilities and four machining operations.
Nov/Dec 2011 | METAL CASTING DESIGN & PURCHASING | 9
development in a growth pattern exhibited by Saginaw Metal Casting Operations since GM emerged from bankruptcy in 2009. In June, GM announced the facility had won a job exporting aluminum castings for a new engine. T at work was part of a $65 million investment to build additional Ecotec four-cylinder engines in New York and Tennessee and created or
retained 53 jobs in Saginaw. “T is announcement is another example of a very positive trend that is occurring at GM,” said Joe Ashton, a United Auto Workers union vice president representing the employees in Saginaw. “Saginaw is like so many communities in the Midwest that have suff ered the loss of their manufacturing jobs to other countries around the globe.”
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