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.
Articles: Industry News
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.
AFS Corporate Member Grede Holdings LLC (Southfield, MI) announced a sharpened focus on e-mobility to leverage electric vehicle opportunities for the light vehicle, commercial vehicle, and industrial markets. Developing and quoting millions of dollars in cast iron solutions for the electrification market, the company said its increasing commitment aligns with a growing e-mobility market they expect will rapidly accelerate from 2025 to 2030.
AFS Corporate Member Wisconsin Aluminum Foundry (WAF, Manitowoc, Wisconsin) has acquired the assets of castings manufacturer DEE, Inc. in Crookston, Minnesota. The acquisition will expand WAF’s current operations while creating new opportunities with the increased capacity.
03.21.22: Canekast, Inc. buys Cushman Foundry
Cushman Foundry, Blue Ash, Ohio, was acquired in January by AFS Corporate Member CaneKast. Cushman Foundry’s history stretches back over 30 years as an independent producer of high-quality aluminum castings for many industries, including the fire suppression, industrial fan, and control markets. Before that, Cushman Foundry was a captive facility for one of the current company’s largest customers.
The Metal7 Inc. division of M7 Group, Sept-Îles, Quebec, has announced its acquisition of the assets of the Cast Corporation foundry (Hibbing, Minnesota), which specializes in the design and manufacture of high-performance castings for furnaces, as well as special alloy castings mainly for iron ore pelletizing plants. The newly formed entity is CAST7 LLC.
02.21.22: New family owners at Tonkawa Foundry
The sibling owners of Tonkawa Foundry, Inc., (TFI) Tonkawa, Oklahoma, have sold their family business to Mauricio and Alhena Torres, who assumed ownership January 1. The couple has relocated from Dallas with their four-year-old daughter, Paloma.
Having operated the foundry for over 40 years, Sandy Salisbury Linton and Jim Salisbury said they’re pleased the company will remain a family-owned business.
General Motors is planning a $51 million upgrade at its aluminum die casting foundry in southern Indiana to support manufacturing of the upcoming electric Chevrolet Silverado pickup.
GM said it will install state-of-the-art equipment at its sprawling Bedford plant, which this year began producing electric drive unit castings for the 2022 GMC Hummer EV Pickup and 2024 GMC Hummer EV SUV, The Herald-Times reported.
Production of the 2022 GMC Hummer EV Pickup will begin in December at GM’s Factory ZERO assembly plant, located in Detroit and Hamtramck, Michigan,
Industrial Opportunity Partners has sold AFS Corporate Member Aarrowcast Inc. to Charter Manufacturing, a producer of carbon-steel bar, rod, and wire products headquartered in Mequon, Wisconsin. Terms of the sale were not disclosed.
AFS Corporate Member Benton Foundry, Benton, Pennsylvania, was awarded a $3 million grant through the Redevelopment Assistance Capital Program (RACP), according to Senator John R. Gordner (R-27) and Representative David Millard (R-109).
The company’s footprint will expand by 70,000 sq.ft. and new robotic equipment will be installed. This will result in at least 50 new jobs and an increase of daily production to 200 tons, an increase of 50 tons per day.