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INDUSTRY news


Grede Foundries Announces Investments, Hosts Lt. Governor Grede, Southfield, Mich., plans


to invest more than $37 million into two of its 14 facilities in the next few years. At its Biscoe, N.C., location,


Grede plans to invest $20 million and hire more than 35 new employees over the next three years to support its commercial vehicle business. T e investment will be used for heat treat- ment and machining services as well as the addition of 26,000 sq. ft. of manufacturing space. The project also will include


three new molding machines, handling systems and an envi- ronmentally friendly immersion coating system. Grede also will increase its engineering capabili- ties. Services such as engineering support for planned projects and 3-D prototype printing will help meet customer needs. At the St. Cloud, Minn., facility,


Grede is planning to expand by 32,000 sq. ft. Lt. Governor Tina Smith visited the facility in April to


Nemak Invests $125M Nemak, García, Nuevo Leon,


Mexico, announced plans to invest $125 million in a new metalcast- ing facility in Garcia, Nuevo Leon, Mexico, that will produce structural and powertrain components for the North American market. T e high- pressure diecasting plant is planned to have a capacity of 2.2 million parts per year and create more than 500 jobs. T e plant will be Nemak’s 36th facility in 15 counties. “T is facility represents a key


development in the execution of our strategy,” said Armando Tamez, CEO. “It will strengthen our ca- pacity to produce core powertrain components like engine blocks and complex transmission cases. Also, we will have the capacity to produce structural components, which have become an emerging source for the OEMs to reduce vehicle weight and comply with more stringent regulations on fuel effi ciency and CO2 emissions.” ■


May/Jun 2015 | METAL CASTING DESIGN & PURCHASING | 9


discuss the metalcasting facility’s $17.5 million expansion plan. When the project is completed, Grede expects to add 30 jobs at the site. “I would like to thank Grede Holdings for choosing to expand their business in St. Cloud,” said Lt.


Governor Smith. “This expansion is good news for Central Minnesota and the entire state.” Grede specializes in ductile and


gray iron for suspension, engine and driveline components for class 3-8 commercial vehicles. ■


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