Increased reinvestment since the Hitachi Metals acquisition has meant revamped operations across Waupaca Foundry’s U.S. facilities.
• Exploring expansion into Mexico. “We are very happy to have Hitachi Metals as a long-
term, strategic owner,” said Gary Gigante, recently retired CEO, Waupaca Foundry. “Hitachi Metals started out as an iron foundry. Tey own iron foundries. It’s a strategic purchase for them, so I feel good about the future and our potential growth.”
The Goldilocks Solution Established in 1955, Waupaca Foundry was purchased
by German conglomerate Tyssen in 1978. (See sidebar for more complete details about ownership.) Te marriage proved beneficial to both sides for 30 years, a period when the metalcasting operation underwent significant expan- sion. Two plants—one each in Indiana and Tennessee—were
built. Existing plants in Marinette and Waupaca, Wiscon- sin, were expanded, with the three facilities nearly doubling in size. Total production increased exponentially from less than 100,000 tons in 1978 to a pre-recession high of more than 1.25 million. But the economic downturn that began in 2007 exposed
differences in direction for the metalcaster and its parent company. Beginning in the 1990s, TyssenKrupp reduced the number of aluminum and casting facilities it owned, divesting in those operations while investing billions of dollars in steel processing plants in Alabama and Brazil. “TyssenKrupp was really, really good for a long time,
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FOUNDRY-PLANET.COM | MODERN CASTING | CHINA FOUNDRY ASSOCIATION June 2016
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