Cinnaire, a nonprofit community development financial organization, has secured an $11 million New Markets Tax Credit Investment for AFS Corporate Member Wisconsin Aluminum Foundry (WAF), based in Manitowoc, Wisconsin. With it, the foundry will be able to expand with more manufacturing and office square footage. With the expansion comes 80 new jobs.
Articles: Industry News
AFS Corporate Member Bingham & Taylor celebrated a two-year expansion and upgrades at its Culpeper, Virginia, foundry with a ribbon cutting event on October 6. Virginia Gov. Glenn Youngkin along with local and regional elected officials were in attendance to show their support for the company’s newly unveiled electric melt system.
AFS Corporate Member Progressive Foundry, Perry, Iowa, is launching another phase of its renovation improvements late this fall, with a $2.5 million investment to update its shakeout system. The company has purchased a new Didion media drum and several new conveyors from General Kinematics for the project, which is aimed at reducing casting breakage and lowering shotblasting cycle times.
Television viewers nationwide will soon get a glimpse of the exciting world of metalcasting thanks to a fast-paced video from the American Foundry Society and the Foundry Educational Foundation (FEF).
In July, Daedalus Investments LLC, parent company of Tech Cast Limited, announced it has purchased Oklahoma-based ClassIQ Manufacturing. ClassIQ provides additive manufacturing (AM) services in several markets, one of which is the investment casting industry.
Shinhwa Auto USA Corp. announced last month it will invest $114 million to expand its manufacturing operation in Auburn to support the production of electric vehicle parts.
The growth project will create 50 jobs and add a new 170,000 sq.-ft. production building on Shinhwa’s campus in Auburn Technology Park West. The expansion will be the South Korean company’s third since selecting the Alabama city as the site of its first U.S. plant in 2019.
Tyler Union, part of the McWane Inc. family of companies, broke ground on the expansion of its melting and molding operation. The new $24 million investment will add 54,000 sq.ft. to its existing footprint in Anniston, Alabama.
Modern Casting magazine has named AFS Corporate Member Benton Foundry its “Metalcaster of the Year.” Based in the mountains of central-eastern Pennsylvania, the iron metalcaster completed one of the largest expansions in its history last fall: The 70,000 sq. ft. of new and renovated space improved and enhanced its coremaking capabilities, increased capacity and efficiency, improved process control, and added 50 new jobs.
McWane Poles, part of AFS Corporate Member McWane Inc.’s family of companies, has opened its newest ductile iron utility poles facility in Provo, Utah. The $18.5 million investment complements McWane’s existing presence in the area and marks the second facility dedicated to poles.
MacLean Power Systems, (MPS) a manufacturer of products for transmission, distribution, substation, and communications infrastructure, has completed the purchase of AFS Corporate Member Dotson Iron Castings, a ductile iron foundry located in Mankato, Minnesota.