INDUSTRY news
FAIST Light Metals to Place Facility in Tennessee FAIST Light Metals, a division of
Italy-based FAIST Industrial Group, announced it will locate a new facility in Ripley, Tennessee, investing $3.1 million and creating 30 jobs. FAIST Light Metals specializes
in diecasting, machining and surface plating of components and assemblies, working with the telecom, automotive, electronics and industrial markets. Initially, the facility in Ripley will primarily manufacture automotive
components and will expand into diecasting in the future. FAIST has bought a 65,000-sq.-ft.
facility for future growth. “FAIST is excited to add the new
facility, employees and capability in Ripley and is looking forward to the opportunity of growing the business in partnership with our customers and business partners,” said Meik Andriani, CEO, FAIST Light Metals. “We also want to thank the local and state offi cials for their assistance with making this acquisition as seamless as possible in such a quick manner. We look forward to a continued partner- ship between FAIST and the local and state governments.” ■
Linamar, GF Automotive Choose North Carolina for New Operation
Linamar Corp., Guelph, Ontario, and GF Automotive, a division of Georg Fischer AG, Schaff hausen, Switzerland, announced they will place jointly owned GF Linamar LLC’s new aluminum diecasting facility in Mills River, North Carolina. GF Linamar LLC will provide large light metal high-pressure die castings for powertrain, driveline and structural com- ponents for the North American market. T e business will invest more than
$200 million in the facility in two phases over the next seven years, adding 350 manufacturing jobs over the next fi ve years. Production is expected to begin in
the middle of 2017. “This will be our fourth plant
in North Carolina, an area where we have thrived thanks to a fantas- tic workforce and a great business environment,” said Linda Hasenfratz, CEO, Linamar. “It is rapidly becom- ing an important hub for us to serve our customers in the southern U.S, and North America overall.” “The location is ideal for us, and
we look forward to a prosperous future for our joint venture in the U.S.,” said Yves Serra, CEO, GF. ■
10 | METAL CASTING DESIGN & PURCHASING | Mar/Apr 2016
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