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INDUSTRY news


Sakthi Automotive to Invest $31.8M in Detroit Facility Sakthi Automotive Group USA


Inc., Detroit, a division of the Sakthi Group, is planning a major expansion to its manufacturing operation in Detroit to add aluminum casting production capabilities. T e $31.8 million invest- ment will create 350 jobs. In 2012, Sakthi Automotive received


a $1.5 million Michigan Business De- velopment Program grant to establish its fi rst manufacturing operation in Detroit. T e new expansion into the


production of lightweight aluminum castings will support the fuel effi ciency iniatives of global automotive OEMs. According to Crain’s Detroit Business, Sakthi plans to shift 90% of its alumi- num casting production to Detroit. T e expansion is expected to include


the acquisition and renovation of several buildings near the company’s existing facility that will be used for manufacturing, machining, advanced worker training and employee wellness


programs. T e project has been awarded a $3.5 million performance-based grant from the Michigan Economic Develop- ment Corporation (MEDC). MEDC and the city of Detroit will recommend the approval of a Michigan Strategic Fund-designated Renaissance Zone for the expansion at a later date. Sakthi Group, Tamil Nadu, India, is a major supplier of automotive com- ponents including steering knuckles, control arms and brake drums. ■


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To watch a video on the Sakthi project, visit the following site: https://youtu.be/mV7LqAX1Z1o


Newscast Clinkenbeard, Rockford, Ill., was


recently selected “Quality Plant of the Year” by Quality Magazine, an annual award that recognizes reduced scrap, rework, warranty and manufacturing costs; improved productivity or cycle time; increased capacity; and/or im- proved adherence to quality standards. Clinkenbeard was featured on the cover of the March’s Quality Magazine and will speak at the publication’s Quality Show later this year. ■ Chassix Holdings Inc., South-


fi eld, Mich., has fi led for Chapter 11 bankruptcy reorganization. Chassix reached agreement with 80% of its unsecured bondholders and 71.5% of its senior secured bondholders, its existing sponsor and all of its larg- est customers regarding the terms of a plan to restructure and recapitalize the company. Chassix was launched in 2013 as a single integrated source for precision chassis casting and machin- ing solutions. It was formed follow- ing Platinum Equity’s purchase and subsequent integration of the Diversi- fi ed Machine Inc. (DMI) and SMW Automotive LLC (SMW) businesses, resulting in the creation of a $1.4-bil- lion global automotive supplier. ■


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


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