INDUSTRY NEWS Nemak to Raise $863M with IPO


Nemak, García, Nuevo Leon, Mexico, announced plans to sell up to a 20% stake in an initial public offering on June 30, which was expected to raise as much as $863 million. According to filings with the Mexican stock exchange, the automo- tive parts manufacturer plans to sell 618 million shares both in Mexico and abroad. Nemak, a unit of Alfa SAB, Nuevo


Leon, Mexico, indicated the proceeds from the IPO would be used for ad- ditional expansion and distributions to existing shareholders, including Alfa and Ford Motor Co. Nemak produces engine blocks, cylinder heads and other transmission components in 35 plants across 15 facilities in Asia, Europe and the Americas.


Ohio Diecaster Plans $12.5M Expansion


YSK Corp., Chillicothe, Ohio, expects to add 15 full-time positions in 2015 and an additional 25 over the next two years as part of a $12.5 mil- lion expansion. Located on a site that crosses town- ship lines, the company was granted a 10-year, 50% tax abatement by both county commissioners on $5.6 million of the total investment. Te abatement will apply to the funds used for the construction of a new 50,000-sq.-ft. diecasting facility. “I think YSK has been a very stable


and good employer in our community for years,” commissioner Doug Corcoran said. “We’re very happy to do anything we can to increase their employment.” YSK Corp. is a wholly owned sub-


A major producer of engine blocks and cylinder heads, Nemak plans to raise $863 million with the IPO.


sidiary of Japanese auto parts maker Yanagawa Seiki Co., Tokyo, and is a Honda Tier I supplier that manufac- tures automotive suspension, engine and wheel components.


12 | MODERN CASTING July 2015


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68