Waupaca Foundry plans to increase an- nual capacity from its current level of of 1.8 million tons.
Ӧઋ՛Ҹ造铸卡٧沃 提高ҿ现有ङ Ѕ 吨年фਈ。
after falling to roughly $15 million under TyssenKrupp. Additionally, KPS allowed Waupaca Foundry’s manage- ment to operate more freely with minimal oversight. “Tings happen quickly in [the private equity] world,” Gigante said. “On our very first day of [KPS] ownership, they approved a project for a new molding line. … Most of our proposals could be approved with a phone call.” Tough investment increased, ROI was expected in less than five years, extending the timeline compared to previous ownership’s while still limiting projects to the short- and mid-term. Waupaca Foundry continued to grow coming out of the recession, but KPS began explor- ing an exit from the metalcasting industry while forecasts called for moderate growth. After exploring a select group of potential buyers for the casting business, KPS reached a deal with Hitachi Metals Ltd. in August 2014. “We needed to add capacity to produce iron castings,” said Eiji Nakano, managing officer, Hitachi Metals. “Te American market is much stronger than in Japan, so we wanted to acquire iron foundries in the U.S.” Te acquisition, with the new parent company well established in metalcasting, signaled greater stability for the customers of Waupaca Foundry as compared to its relationship with KPS because of the new ownership’s strategic location within the casting industry. Te met- alcaster could benefit from joining a parent company with similar operations and capabilities. “Te amount of synergy between Waupaca Foundry
and Hitachi Metals has been incredible,” Gigante said. “Te new ownership allows us to plan for the long-term. It allows us to invest in the business, so you can look back 20 years from now and say that was the right thing to do.”
Building the Future Early this year, Waupaca Foundry finalized its 2018
mid-term plan in close cooperation with its new par- ent company. Tis four-pronged plan represents the first formal strategy announcement with Hitachi Metals and
造铸型ش؟一括包，点重يՇङ؟Б新是ЏѣЏ造Ӳ 沃。Џѣ造铸ङם最Иҿ是՛Ҹ造铸卡٧沃是Ѹ，Џѣ ੴ是Ѹ，悦֔д满ҭ革Պ次这йثك理管՛Ҹ造铸卡٧ 。淡冲۱ए猜ङՇ引৲购收Џѣ权股募ड़ -OMGTZK੮ॐ：Ȕ我ћ感ӱ非常ব张，我ћ担心资ф ȕ。资投ӗӸ步一进થ应ਖ਼ৰ我，流י 然৲，这пएਖ਼最ৄચ明是没有根据ङ。169Ҹ՛提
高д年投资额ȍȍђ蒂森ұ虏Ѳ管理时期ङ约 Ѕ 降管डر՛Ҹ961，י此。ҫ২Ѕ ২ҫ增加ӱ超过 。ंਘङם更ك理管՛Ҹ造铸卡٧沃еো，ش最ӱѺ 更چ速ङҁ运՛Ҹ，Ј理管ङ՛Ҹ权股募ड़֨Ȕ
我，מ一আङ管ड՛Ҹ961ђȔ：ॐ੮KZTGMO-ȕ，快 љՕ都ઑ建数ךםङћ我。д过通就ऩ项ি型造新ङћ ȕ。ז批ӱ得式方ઢ电过通 年 О置ગ间时报֛资投是Ѹ，加增断Љ额资投然虽
持Դ造铸卡٧沃。д长延ऩ项资投ङ期िИӹљ比，ӄ 增慢缓ॐ显测预֫١֨৲然，退ੰ济经дӟ走，يՇ续 过经。૨ӟ求جЏ੧造铸О始开՛Ҹ961，Ј提ӹङ长 ً金立日չ՛Ҹ961，ե选筛੧进Џѣб购֨潜批一ث 年 月达成д合ҁ协ઑ。 й֝集 ֝集ً金立日ȕ，ਈф加增ф生ў铁铸О要需ћ我Ȕ
֜，挺ֳ加更本日比֫١国২Ȕ：પUTGQG4 高管+OPO ȕ。Џѣ铁铸ङ国২购收望٥ћ我，此 961Њ，Џѣ铁铸ङ֑完是֝集ً金立日՛Ҹ母ङ新
ऋ战有ӀЏ੧造铸֨՛Ҹ母ङ新，比ब՛Ҹ母Оҁ՛Ҹ ६加更д达Ѯ户客ङ՛Ҹ造铸卡٧沃է购收次本，ѹ֪ ਈф生չ务Џङѷब有拥՛Ҹ母ЊЌ৲。՚ҒङيՇ定 。ञՉИђر՛Ҹ造铸卡٧沃，力 惊是应效գ协ङ间Ф֝集ً金立日ЊԴ造铸卡٧沃Ȕ
June 2016
FOUNDRY-PLANET.COM | MODERN CASTING | CHINA FOUNDRY ASSOCIATION | 37
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