INDUSTRY NEWS
ME Elecmetal Expands to Meet Demand ME Elecmetal, Duluth, Minn.,
recently cut the official ribbon on a $12.2 million expansion. The company is increasing production to meet rising demands for its steel and other metal castings. The facil- ity now employs 175 workers, and the company reports the expansion will add 30 permanent jobs. “Back in 2008, with the downturn of the economy, this foundry was impacted directly. And now, to see this investment, to see workers back on the job, seeing more hires yet to come, it warms our heart,” Duluth Mayor Don Ness told Fox 21 news of Gary-New Duluth, Minn.
ME Elecmetal is a global sup- plier of cast steel and iron replace- ment pieces for the mining industry in Chile, South America and North America. It also
participates in the European, Afri- can, Asian and Oceanic markets. The company has five metalcast- ing facilities, two in Chile, two in
the U.S. and a licensee in Mexico. It produces more than 75,000 tons per year of capacity, with sales offices on five continents.
ME Global (Elecmetal) won “Casting of the Year” in 2005 for this tread belt shoe used to transport a NASA shuttle to launch.
Omaha Steel Castings to Build New Facility Omaha Steel Castings Co., Omaha,
Neb., has secured $5.4 million in fund- ing from the Small Business Adminis- tration (SBA) toward the construction of its new facility on a 20-acre site in Wahoo, Neb. T e SBA loan, made available
through the Nebraska Economic Development Corp., adds to the $6.5 million in fi nancing already commit- ted from Omaha State Bank. “T e SBA is honored to have
played a role, through our 504 loan program, in a project that retains jobs in this rural area and creates new jobs going forward,” said Patricia Brown-Dixon, Regional Administrator for the SBA in Nebraska, Kansas, Iowa and Mis- souri. “T is is the largest SBA loan approval in our four-state region, and the second largest in the
country. It goes to a manufacturing company creating ‘Made In America’ products, which also feeds the sup- ply chain for exports. It refl ects the confi dence that the Omaha Steel Castings team, their lenders and the community have in our nation’s and Nebraska’s economic recovery.” In total, the SBA’s $5.4 million loan and Omaha State Banks $6.5 million loan represents 90% of Oma- ha Steel Casting Co.’s $13.5 million total cost for the new facility. “T ree years of building relation- ships with Omaha Steel Castings has been a pleasure,” Wahoo Mayor Jerry Johnson said. “Omaha Steel Cast- ings will have a signifi cant economic impact on our community. Phil Teg- gart and his staff have already made their positive presence known in our business community.”
According to a study by the
Economic Development Depart- ment of the Nebraska Public Power District, Omaha Steel Castings is projected to add nearly $32 million to Wahoo’s and Saunders County’s local economy each year. T e posi- tive employment eff ect will bring upwards of 250 jobs to Wahoo, in- cluding $9.8 million in added labor income eff ects. If everything goes on schedule,
the fi rst 100,000 sq.-ft. building will be under roof by December 2012, with operations beginning to move to Wahoo in the spring of next year. Both facilities will operate at the same time to prevent an interrup- tion in the fl ow of castings to their customers until the move to Wahoo is completed, projected for the end of 2013.
October 2012 MODERN CASTING | 9
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