This page contains a Flash digital edition of a book.
INDUSTRY NEWS


Incentives Keep Keokuk Rebirth on Track An Iowa state government body’s


approval of incentives kept the rebirth of Keokuk Steel Castings (Keokuk, Iowa) on track. The Iowa Economic Develop-


ment Authority Board approved incentives worth $1.63 million for the Mills Group to reopen the facility. Shuttered since March 31, Keokuk was purchased by the Mills Group from Matrix Med- als and is expected to reopen later this year. According to the Des Moines


Register, the incentives include a $500,000 forgivable loan, $500,000 in a zero-interest loan plus $630,000 in tax credits. “Everything hinged on that


today,” Kenny LeGrand, CFO, Mills Group, said according to the Register. “If that package was not approved today, the project would have fallen apart and the building


would have been mothballed for virtually forever.” Two-hundred jobs are expected


to be restored, and the facility could get back to 550.


“Keokuk Castings was at one time the largest employer in south- east Iowa,” LeGrand said to the Register. “And that’s our goal to get back there.”


Keokuk Steel Castings is still on track to reopen later this year.


The Next Generation in Foundry ERP Software


"Odyssey gives us the ability to control margins, ensuring we remain profitable across all our different types of products. We feel we haven't even begun to unlock the system's potential. We know there are so many more capabilities of Odyssey that will have a positive impact on our business as we grow and change moving ahead."


More at www.BLInfo.com/Penticton


Penticton Foundry Ryan Morcombe, Controller


Penticton Foundry Ryan Morcombe, Controller


4707 Rambo Rd. Bridgman, MI 49106-9723 Phone: 269.465.6207 www.BLInfo.com


12 | MODERN CASTING September 2016


Photo courtesy of Brad Mills.


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