INDUSTRY NEWS
Automotive Metalcaster Receives Tax Incentives for Expansion In December, the Michigan Eco-
nomic Development Corp. (MEDC), Lansing, Mich., approved a tax-free district around the planned expanded campus in Detroit for Sakthi Automo- tive Group USA Inc., a division of India’s Sakthi Group. Te so-called “renaissance zone” means that the alu- minum casting facility will be able to
NEWSCAST Matrix Metals announced the
closing of its Keokuk Steel Castings, Keokuk, Iowa, plant during the first quarter of 2016. At the end of 2015, the plant employed 200 people, down from more than 500 just three years prior. Te plant, opened in 1936, pro- duces steel castings used primarily for the oil and gas industries. Te company and its employees will fill open and ex- isting orders for its customers in early 2016 until ceasing operations.
Can-Eng Furnaces International
Ltd., Niagara Falls, Ontario, Canada, has been contracted by a large Cana- dian-based tier 1 automotive supplier located in Alabama to design, manu- facture and commission an automated T-7 heat treatment system for the processing of high integrity aluminum automotive structural castings. Heat treated aluminum castings provide predictable mechanical properties and dimensional stability.
Can-Eng also was awarded the 2015 Ontario Export Award, which recognizes leadership and exporting growth in the Canadian province’s economy. Te manufacturer was one of three nominated finalists in the Leadership category and won in the category Manufacturing & Resourc- es—Medium-Sized Manufacturer. More than 80 entries were received from businesses across the province, with 24 shortlisted finalists.
waive $169,000 in average annual property taxes for 15 years, accord- ing to the Michigan Economic Development Corp. Sakthi, which broke ground on the expansion in October 2015, plans to invest $33 million by December 2018 on the project, the MEDC said. The supplier,
owned by India’s Sakthi Group, is expected to add 313 jobs by 2018 and 333 in total. According to the MEDC, Sakthi
chose Michigan over competing of- fers from Georgia, Ohio and South Carolina, which offered incentives that included free land, low-interest con- struction loans and tax credits.
The Next Generation in Foundry ERP Software
“With Odyssey SaaS we no longer schedule or apply software or hardware updates, and all of our information gets backed up without any effort on our part. Our expertise is making castings, not supporting and maintaining software. We can now dedicate all of our focus where it should be - on our business.”
More at
www.BLInfo.com/BVA
Beaver Valley Alloy Tom Forster, President
4707 Rambo Rd. Bridgman, MI 49106-9723 Phone: 269.465.6207
www.BLInfo.com
January 2016 MODERN CASTING | 15
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