Industry News

Wisconsin Aluminum invests $1.5 million at Wabash Castings, reduces environmental footprint

Wabash Castings Inc., Wabash, Indiana, has installed a new, $1.5 million JOEST Complete Shaker System that will improve operations and reduce landfill waste. The new shaker system allows the aluminum casting manufacturer to reclaim and reuse approximately 500 tons of sand per month, removing it from the landfill stream. 

Le Sueur buys Craft Pattern and Mold

AFS Corporate Member Le Sueur Inc. (LSI), a supplier of complex aluminum castings, machined castings, and plastic injection molded components, has completed the acquisition of Craft Pattern and Mold (Craft). 

Craft, based in Montrose, Minnesota, is a rapid prototyping and complex metal and plastics component manufacturer. Craft has over 30 years of industry experience and has established itself, along with its skilled employees, as a leader in delivering high-quality parts to customers. 

Metal Technologies acquires Key 3 Castings

AFS Corporate Member Metal Technologies Inc. (MTI) of Auburn, Indiana, has acquired Key 3 Casting LLC, which owns and operates two aluminum die and squeeze casting facilities as well as a ductile iron foundry. 

The facilities involved in the sale include Jackson Die Casting LLC in Jackson, Tennessee; Minneapolis Die Casting LLC in Minneapolis; and Northern Foundry in Hibbing, Minnesota. The combined operations have approximately $74 million in annual sales and 300 employees. 

Wisconsin Aluminum Foundry to build, renovate with $11 million tax credit

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. 

Progressive Foundry renovates for future growth

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. 

Shinhwa plans $114M Alabama expansion

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.