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INDUSTRY news


Brembo Inaugurates New Plant, Announces Another


Brembo has inaugurated its plant in Escobedo, Mexico, and also an- nounced the company will begin construction on another new facility that will produce cast iron discs. T e new plant will be adjacent to the one inaugurated in Escobedo. T e ceremony was attended by


several Mexican and Italian authori- ties, including the Italian Secretary of State for Foreign Aff airs Benedetto Della Vedova. Escobedo is one of the company’s


more modern aluminum caliper plants. Once fully operational, the plant will be capable of making two million alu-


minum calipers per year. T e plant, which covers an area of 377,000 sq. ft., will add sales of over $100 million a year. About 500 new jobs also will be created. As for the new facility, construc-


tion will begin soon and the plant will be operational by the end of 2017. T e new project, with a $93 million investment, will have a melting capacity of approximately 100,000 tons per year and will cover an area of 269,000 sq. ft. T e new facility will employ approxi- mately 200 people. T e production of the new


plant will be dedicated to Ameri- can, European and Asian original equipment manufacturers (OEM) present in Mexico with manufac- turing facilities. Brembo is a manufacturer of


The new plant will be adjacent to the one inaugurated in Escobedo.


Gibbs Investment Will Bring 46 Jobs Gibbs Die Casting (Henderson,


North Carolina) announced it will expand its North American manu- facturing complex in Henderson with a $10 million investment pro- jected to create 46 full-time jobs. “We are grateful that the rela-


tionship Gibbs Die Casting and the Commonwealth of Kentucky have forged over more than 50 years continues to strengthen,” Kentucky Gov. Matt Bevin said. “We are encouraged by their lat- est expansion, and recognize that this investment will deepen the company’s commitment to Hen- derson County for many years to come.”


Gibbs will invest in new


equipment and building modifi- cations in Henderson. The com- pany supplies aluminum diecast- and-machined and assembled components for automotive and some non-automotive customers.


brake systems for cars and motor- cycles. T e company is a supplier for many top-end companies, such as Ferrari and Porsche, and is used in Formula 1 racing. 


T e Henderson campus cur-


rently operates two diecasting plants and a machining plant. T e expansion will reopen an ad- ditional diecasting plant and an additional machining facility. “Gibbs Die Casting is


extremely excited with our upcoming casting and precision machining expansion projects in Henderson,” said Steve A. Church, president and CEO, Gibbs. “The facility and pro- duction equipment investments will allow Gibbs to advance our technology and secure our future as one of Henderson’s largest employers. We are grateful to the state of Kentucky for the approval of incentives under the Kentucky Business Investment Program and to Kyndle for their continued local support.” Sen. Dorsey Ridley discussed the company’s long history in the


community when speaking about the project. “Having been headquartered in


Henderson for more than fi ve de- cades, Gibbs Die Casting has been a good corporate partner,” Sen. Ridley said. “I applaud the company’s con- tinued success and the resulting new jobs. Our community stands ready with a skilled workforce to meet all the company’s future needs.” To encourage the investment and job growth in the commu- nity, the Kentucky Economic Development Finance Authority (KEDFA) in August preliminar- ily approved the company for tax incentives up to $800,000 through the Kentucky Business Investment program. Additionally, KEDFA ap-


proved Gibbs Die Casting for up to $35,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). 


Nov/Dec 2016 | METAL CASTING DESIGN & PURCHASING | 7


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