oversight from TyssenKrupp. Expenditures that used to take days now required


months for approval. Additionally, with massive amounts of capital directed to its steel operations, TyssenKrupp reduced available resources for the metalcasting facilities. Not only that, return on investment for approved projects was expected to be relatively quick. “A lot of strategic advancements stopped during the


recession,” Gigante said. “Te focus was on the short- term.”


By May 2011, TyssenKrupp announced plans to divest


its iron casting division to reduce debt and refocus on emerging markets. Te next year, the German conglomer- ate sold Waupaca Foundry to KPS Capital Partners, a New York-based private equity firm. Te new ownership focused on a variety of manu-


facturing facilities, including one small metalcaster, but Waupaca Foundry was its largest metalcasting operation by far. Waupaca Foundry management’s excitement about the transition was tempered by suspicions associated with private equity. “We were extremely nervous,” Gigante said. “We


worried about assets going out of the company. I thought investment might be reduced even further.” Such hesitation, however, proved unfounded. KPS increased annual reinvestment—in excess of $40 million


阿й资投ҫ২ь十数ر৲转，资投ङ务Џп这ثдصӗ 拉巴马州չ巴西ङ钢铁Դ。 з是Ѹ，系Ҽङױ很д持ґћ我Њ֝集Ѳ虏ұ森蒂Ȕ


ћѕ，եФ退ੰ济经Ȕ：પKZTGMO-ȕ，化Պ有ѫ总ە ѕ是ӇЉ造铸。Џѣ造铸ם扩或Դ造铸ੈ经йੱ热ӇЉ ћङ核心Џ务。ȕ д购收就՛ҸJJ[(ЏѣЏ造Ӳ型ם国২，起年


担间Ф՛Ҹ母国德չ՛Ҹ卡٧沃֨并，՛Ҹ造铸卡٧沃 卡٧沃҅，ѽઆ年 ѠИ间ы。Ѹ是，([JJҸ՛й 。管ड੧进֝集Ѳ虏ұ森蒂ं接फ՛Ҹ造铸 数要需֨现用҅金资ङ来Јז批Օ就间时מә来Խ


ұ森蒂，务Џ铁钢дӱҵ投金资ङ额םйं，י此。月 已，此ײюЉ。ҵ投源资用ՕङԴ造铸дصӗ֝集Ѳ虏 。现实چ速ङ快更љ求要ੴө率报֛资投ङऩ项过通 Ҡ迫ੴӦઋङ性ऋ战ך很，间期此֨Ȕ


止，ȕ-OMGTZKપ：Ȕि期ӯञ成Од重点。ȕ љ务Џ铁铸ӟ撤٢؛֝集Ѳ虏ұ森蒂，月 年


沃ر֝集થ，年次。֫١ҽ新է转新重并，务债صӗ 961՛Ҹ权股募ड़ङ约াйѹ部总ো։ӟ՛Ҹ造铸卡٧ )GVOZGR 6GXZTKXY。


Waupaca Foundry is exploring machining options near its Wisconsin operations.


合工加械机求ج边յԴ工州辛康斯威֨ر՛Ҹ造铸卡٧沃 ҁ机ѫ。


36 | FOUNDRY-PLANET.COM | MODERN CASTING | CHINA FOUNDRY ASSOCIATION June 2016


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