INDUSTRY NEWS
Tennessee Company Expanding, Expected to Add 20 Positions Tennessee Tool & Engineering
Inc., Oak Ridge, Tennessee, is add- ing 10,000 sq.-ft. of manufacturing space and is expected to create 20 jobs. Te addition is to the com- pany’s diecasting division. According to a news release,
Tennessee Tool & Engineering will have almost 90,000 sq. ft. of space. “I was born and raised in
this community and live in Oak Ridge,” said Greg Palmer, vice president and operations manag- er, Tennessee Tool & Engineer-
ing. “We want to do all we can to continue the positive growth in our community.” Tennessee Tool & Engineer-
ing produces aluminum casting components. Per a release, the growth comes
from a $5 million investment in Oak Ridge and Anderson County, Tennessee. More ex- pansion is planned for 2018 at another location. “Te expansion will allow for
three more 700-ton cast presses along with secondary machining equipment to meet the growing demand for the company’s prod- ucts for the automotive and ATV industries,” Palmer said.
Sioux City Foundry Announces Partnership with SSAB Sioux City Foundry, Sioux City,
Iowa, announced it has entered into a partnership with Swedish company SSAB, Stockholm. Sioux City has become a manufacturer of Hardox Wearparts, which are wear parts and wear services. In a press release, Sioux City said the partnership with SSAB will help their customers “in a wide variety of industries, including: agriculture, construction, heavy transport, energy, and mining.” “We are very excited. Our
partnership with SSAB will bring great opportunities for us and our customers,” said Andy Galinsky, CEO, Sioux City Foundry. “Both Sioux City Foundry and SSAB have a long-proven history of providing quality products and ser- vices, that the relationship seemed like a great fit.”
SSAB is a global steel company
that produces high strength steels and quenched and tempered steels, along with strip, plate and tubular products.
12 | MODERN CASTING March 2016
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