Druid Capital Partners and Elyton Capital have bought AFS Corporate Member Franklin Iron Works, Inc. (FIW) and Alabama Castings, LLC––collectively known as “Franklin Iron.”
According to reporting by bizjournals.com, new ownership plans to retain all 145 Franklin Iron employees. A Druid Capital spokesperson told the BBJ that FIW is hiring for select positions at both of its locations in Thorsby and Aliceville, Alabama.
Dee Manufacturing, an affiliate of AFS Corporate Member Wisconsin Aluminum Foundry, is one of five companies to receive funding from the Minnesota Job Creation Fund and the Minnesota Investment Fund, according to an announcement August 18 from the Minnesota Department of Employment and Economic Development (DEED). Located in Crookston, Dee Manufacturing has been awarded $175,000, which will go toward facility expansion that’s expected to create 30 jobs in the next three years, with an average wage of $19.40 an hour.
The Swedish premium car brand Volvo Cars has purchased two Carat 840 die-casting cells for its factory in Torslanda, Sweden. The Carat 840, along with Carat 920, Bühler’s largest die-casting solutions, were launched in 2021.
In October 2021, Bühler launched the Carat 840 and the Carat 920 with locking forces of up to 92,000 kilonewtons (kN). With these machines, Volvo can produce structural castings for automotive body in white assemblies, known as megacastings.
Shinhwa Auto USA Corp. is adding a second auto parts manufacturing facility in Auburn, Alabama, as part of a $78 million growth project that will create 42 jobs over the next three years. The company will build a new 400,000-square-foot factory across from its existing location in Auburn Technology Park West.
AFS Corporate Member Grede Holdings LLC was honored in April with AGCO’s 2021 Sustainability Award for its continuous efforts to practice and improve environmental and social sustainability.
“Grede’s strategic energy management system enhances their financial position with money-saving energy management processes, reduces the company’s overall carbon footprint and energy usage, and instills a culture of energy efficient practices in all Grede foundries and facilities,” an AGCO press release stated.
Ancient Celtic history was brought into the present at AFS’s 2022 CastExpo in Columbus, Ohio, during the Steel Founders Society of America (SFSA) annual Cast in Steel competition––this year’s challenge: to use modern casting tools and technologies to creatively design and produce a functioning version of a Celtic Leaf Sword. Following a day of rigorous testing by judges on April 22––performed in front of a large audience––University of Wisconsin-Platteville’s Pioneers team emerged as the Grand Prize Winner and was honored at a ceremony on April 24.
Sure Cast Foundry Inc., an AFS Corporate Member in Blaine, Minnesota, has relocated into its newly constructed 19,000-s.f.-facility across the street from its former plant. The additional 5,000 s.f. provides storage and office space not previously available to staff and includes a conference room for hosting customers. Designed with the future in mind, the new facility is ready for further expansion of 10,000 s.f. off a rear wall––the foundry’s goal is to vertically integrate with its own machine shop in the near term.
AFS Corporate Member Kimura Foundry America, Inc. (Shelbyville, Indiana) will install a new ExOne S-Max 3D sand printer this quarter to increase capacity and meet diverse market demands for high quality castings with quick turnaround times. It becomes the fourth sand mold and core printer for the foundry’s U.S. location; the company also operates six at its headquarters in Japan.
Gränges will invest $52 million to expand its recycling and casting operations in Huntingdon, Tennessee, enabling its market launch of near-zero carbon aluminum solutions in 2024 aimed at meeting growing demand for sustainable products in North America. The new center will be powered via renewable electricity as part of the Tennessee Valley Authority (TVA) Green Invest program.
Linamar Corporation has acquired GF Casting Solutions’ 50% interest in the two companies’ 2015 joint venture, GF Linamar LLC (GFL) located in Mills River, North Carolina––as a result, Linamar will assume 100% ownership and operational control of the business. GF Casting Solutions (GF) is a division of Georg Fischer AG.
Combining expertise in high-pressure diecasting and machining to provide lightweight solutions for automotive and commercial vehicle customers, GFL manufactures structural and powertrain components in aluminum and magnesium.