INTERMET DIE CASTING ASSETS SOLD TO REVSTONE – Revstone Industries, LLC purchased the assets of Intermet at auction last week for $11 million. More about the fate of the bankrupt Intermet will be known after July 14 when a bankruptcy …
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Category Archives: Auto Parts
Intermet Automotive Castings Corp., is liquidating
Intermet Corp., formerly based in Troy Michigan, but now based in Fort Worth, Texas, is liquidating.
The company was once one of the world’s largest independent makers of automotive castings, but has now ceased operations at two Virginia metal-casting plants, its last remaining foundry operations, a company official said.
Operations ended late last month at the Lynchburg Foundry Co. in Lynchburg, Va., and New River Foundry in Radford, Va., said the official, who asked that his name not be used.
In August, the company filed for conversion of its Chapter 11 reorganization into a Chapter 7 liquidation with the U.S. Bankruptcy Court in the district of Delaware. Intermet was headquartered in Troy since the mid-1990’s after relocating from Atlanta to be closer to its automotive customers. The company then moved its corporate headquarters to Fort Worth in 2006.
Intermet had gone through Chapter 11 bankruptcy in 2004-05. This time the supplier was burning through cash at a rate of $250,000 per day, so it tried to reject contracts, according to Bankruptcy Court documents.
That led to an administrative freeze on the payment of millions of dollars of prepetition receivables from customers such as the Detroit 3, according to the documents.
Said one document: “The cavalier manner in which these debtors have handled ongoing negotiations will likely result in the severance of many — if not all — of these customer relationships, which account for well in excess of 50 percent of [Intermet’s] gross annual revenue.”
Intermet’s Lynchburg factory has operated for more than 100 years. It was manufacturing brake calipers and crankshafts used by the Detroit 3 and Toyota Motor Corp.
Intermet was heavily dependent on the U.S. auto market, particularly SUVs.
The company, with estimated sales of $823 million in 2006, ranked No. 59 on that year’s Automotive News list of the 150 largest suppliers of parts to North American automakers. Intermet was not ranked in the most recent listing, based on 2008 sales.
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Posted in Auto Parts
Tagged Aluminum Auto Parts, Aluminum Die Casting Company, automotive
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Pressure Die Casting Aluminum Automotive Parts vs Sand Casting
Pressure Die Casting Aluminum Automotive Parts vs Sand Casting. Aluminum die casting has many advantages over other processes in making parts and housings for different things. For instance, when producing automotive parts, manufacturers would want their finished products to fit the expectations of their customers: lightweight, less expensive, long lasting, durable, strong, and the like. Aluminum Sand Casting is usually the process used to make automotive parts, but because of the long machining process plus it being limited to only certain dimensions, aluminum was opted to be more advantageous when it came to production.
Aluminum die casting basically refers to the process of producing parts through high pressure casting, forcing molten metal through such pressure to create molds that could shape and put together the parts needed to create the fixtures, hardware, and the like. In the case of automotive parts, with aluminum they’re not as heavy in weight, they require less machining, and are made with thinner walls. Pressure die casting automotive parts can also be held with dimensional limits which are much closer to each other. The biggest perk of all is the quick and easy production of these parts since aluminum die casting parts can be produced up to a hundred thousand in number in a day.
Kinetic Die Casting is located in Southern California. KDC specializes in aluminum and zinc die casting tooling. If you would like a quote, please visit our website:Kinetic Die Casting Company
Posted in Auto Parts
Tagged Aluminum Auto Parts, aluminum parts, auto parts, automotive, Sand Casting
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Methods for making Aluminum Automotive Parts
Methods for making Aluminum Automotive Parts. Every single day, thousands of aluminum auto parts are made and produced by different auto companies: Chevrolet, Honda, Nissan, Toyota, and more. Many automotive parts are manufactured by net shape to save costs on additional labor and wasted materials. The metal aluminum is often used for car parts or auto parts for they are only a third of the weight of steel parts. Machining holes into the aluminum during production is easier. Indeed, aluminum proved to be the better metal compared to other metals because of its many beneficial properties.
To create aluminum automotive parts, the metal has to first undergo the die casting manufacturing process. First, the aluminum is being liquefied. The liquid metal will then be injected into the molds to take up the shape as dictated by the mold. Around 1,500 PSI to 30,000 PSI is applied, so that the liquid is forced into the mold perfectly. This will ensure accuracy in its dimensions. Afterwards, the molds are set aside to cool and once open, the aluminum automotive parts are perfectly finished.
The end result of this method is extraordinarily amazing: accurate dimensions and great surface finish. Parts can be remade with equal standard and consistency each time.
Kinetic Die Casting manufactures die casting metal parts creating products like roofing tile molds, lighting parts, and military parts. If you would like more information about Kinetic Die Casting, visit our website:Kinetic Die Casting Company
Magnesium Auto Parts Make for Great Cars
Magnesium Auto Parts Make for Great Cars. When automobiles are made, there is always a question about efficiency, power, and just looking really good. With the recent developments, magnesium auto parts make all of this easier and cheaper to attain.
Magnesium die casting is very lightweight. It is one-third lighter than aluminum, and also two-thirds lighter than steel. This translates to better efficiency for the car, as it consumes less fuel to actually move it. Magnesium is also very easy to mold, so die cast parts made out of magnesium can be formed into even the most complex shapes, for all the custom parts which consumers could think of.
In the past, there was an issue on recycling magnesium. Magnesium is a limited resource as most metals are, but recycling it worried manufacturers regarding its purity and usability. Recent innovations, however, have allowed manufacturers to improve the recycling process, ensuring enough magnesium for all the future cars to be made.
Magnesium’s characteristics have made auto parts manufacturing easier, while at the same time making cars work smoother and look nicer. Magnesium auto parts are great for the automobile industry – not only helping the manufacturers in their production process, but also giving customers their dream cars just as they want them.
Kinetic Die Casting is located in North Hollywood,California. KDC specializes in manufacturing zinc and aluminum alloy casting parts. If you would like a quote, please visit our website:Kinetic Die Casting Company
Kinetic Die Casting is a die casting company specializing in aluminum and zinc parts. If you would like to request a quote, please visit our website:Kinetic Die Casting Company
$4 million for a Study on Displaced Autoworkers
FOR IMMEDIATE RELEASE
November 18, 2009
Contact: Senator Levin’s Office
Phone: 202.224.6221
Levin Announces Funding for Labor Market Study on Displaced Autoworkers
Funds Made Available by the American Recovery and Reinvestment Act
WASHINGTON — U.S. Sen. Carl Levin, D-Mich., announced $4 million for a study on displaced autoworkers to analyze changes in the auto industry and identify retraining opportunities to adapt to green jobs.
The funds, to be split by Michigan, Ohio and Indiana, are part of the U.S. Department of Labor’s State Labor Market Information Improvement grant program which aims to support the analysis of labor market data to assess economic activity in energy efficiency and renewable energy industries and identify occupations and skill requirements within those industries. The funding was made available through the American Recovery and Reinvestment Act.
“Just as Michigan was the manufacturing leader of the 20th century, it can be the leader in green jobs and manufacturing in the 21st,” Levin said. “This study and other programs like it will show that Michigan’s strong workforce can serve as the foundation for a clean energy economy the whole country will benefit from.”
The funding will be shared by state agencies in the three states, including the Michigan Department of Energy, Labor and Economic Growth. The priorities of the study will be to:
• Characterize the structural transformation from the “old” auto industry to the “new” and identify new skills and training requirements
• Identify the auto parts supply chain impacts of the auto industry structure transformation
• Identify alternative career path opportunities for dislocated auto parts workers for jobs in demand with an emphasis on those in the green economy; and
• Identify current and projected skill gaps of the auto and auto parts workforce and required training needed to compete for jobs in demand and green job opportunities.
Kinetic Die Casting is a Los Angeles die casting company that manufactures aluminum and zinc parts. If you would like more information, please visit our website:Kinetic Die Casting Company
