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INDUSTRY NEWS


Shiloh, Sanji Announce Joint Venture Shiloh Industries Inc., Val-


ley City, Ohio, a global supplier of lightweighting, noise and vibration solutions, announced plans to open a new aluminum casting plant in Nan- tong, China, in a joint venture with Suzhou Sanji Foundry Equipment Co., Ltd. Shiloh will be the majority shareholder with 55 percent equity. T e plant will manufacture the


company’s family of cast aluminum products, utilizing Shiloh’s high- pressure diecasting and proprietary squeeze casting processes. T is op- eration supports Shiloh’s continued global expansion of its lightweight- ing technologies, with an expected opening in mid-2016. “We continue to expand our


global footprint to meet the grow- ing lightweighting needs of the automotive industry,” said Ramzi Hermiz, president and CEO, Shiloh.


“Furthermore, I am excited to be working with the talented team at Sanji, our new partners.” “Shiloh Industries is a leader


in diecasting and squeeze casting, which made for an ideal partner for us in the region,” said Xu Shanxin, president, Sanji. “We be- lieve that our patented equipment approach, together with Shiloh’s expertise, will create great value for our customers.” T e new aluminum casting plant is a greenfi eld project with an investment of approximately $30 million. Along with high pressure diecasting and squeeze casting ca- pabilities ranging from 500 to 3,000 tons, the plant capabilities also will include heating treating and precision machining operations. T e plant will employ approximately 130 people at capacity.


Evercast Receives $55M Loan for


Iron Casting Facility Evercast, a subsidiary of Mex-


ico’s Grupo Industrial Saltillo (GIS), Saltillo, Coahuila, Mexico, has received a $55 million loan from Comercia Bank to complete the fi rm’s ductile iron casting facility. Reports said the Mexican company will receive a $50 mil- lion credit within 6.5 years, with a 22-month grace period. T e remaining $5 million will come to GIS in the form of a revolving credit, which will be used to sup- port work capital investment for the next three years. Evercast is a joint venture be-


tween GIS and TRW Automotive Holdings Corp., Livonia, Mich., with GIS holding a 70 percent stake of the project.


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ExOne.com 12 | MODERN CASTING May 2015


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