Kinetic Die Casting Company makes die casting parts in California. Die Casting Parts by www.kineticdc.com in every manufacturing segment. Contact Kinetic Die Casting Company to make… Posted by Kinetic Die Casting Company on Thursday, April 23, 2015
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Quad City Die Casting Company Employees seeking $22,000
Former employees of Quad-City Die Casting have filed an involuntary bankruptcy petition in hopes of recovering $200,000 they say is owed them in medical bill reimbursements and vacation pay they never received.
The petition was filed last week in U.S. Bankruptcy Court in Peoria, Ill.
About 100 Quad-City Die workers — including 70 members of Local 1174, United Electrical, Radio and Machine Workers of America, or UE, — lost their jobs when the Moline plant closed in September.
Carl Rosen, regional president for UE, said instead of filing bankruptcy, Quad-City Die chose in the spring to turn over assets to a liquidation company, High Ridge Partners of Chicago. By going that route, there is no court oversight of transactions.
He said using an assignee like High Ridge “works in some cases.”
“And in some cases, if one of the creditors — or more than one — feels it (the liquidation) is not working effectively, they can ask that a bankruptcy judge intervene. The workers are requesting it become a regular bankruptcy to make sure everybody is being treated fairly.”
This week, an auction of some Quad-City Die equipment took place — but only after a bankruptcy judge granted High Ridge’s request for emergency joint motion to allow it to continue as planned.
Wells Fargo is the lead creditor for Quad-City Die. When contacted Thursday, Wells Fargo declined comment on the involuntary bankruptcy petition. Representatives of High Ridge and attorneys for Quad-City Die did not return phone calls Thursday seeking comment.
According to the emergency joint motion, High Ridge reported that this spring it had “successfully completed collection of Quad-City Die’s accounts receivable, which totaled $830,000 … and production of inventory banks for 10 major customers, resulting in additional sales of $3.1 million” over the summer. From those proceeds, $1.8 million was applied to debt owed to Wells Fargo.
The motion also reported that by continuing production and sales for about 16 weeks, High Ridge was able to rehire 23 former employees. The liquidator paid $299,000 in medical benefits stipends from employees in lieu of the self-insured medical coverage previously provided by Quad-City Die.
But Rosen said employees had to take on the additional work and were not allowed to take vacations.
“We don’t think it’s fair that the fruits of our employees’ labors, which allowed the bank to be paid down $1.8 million … (that the employees) should not be paid the full amount they are owed,” said Chicago attorney Scott Clar, who is representing the former workers in the case.
Rosen said the judge ultimately will make two decisions: Whether the court accepts full jurisdiction for the case and whether the money will be distributed immediately.
Kinetic Die Casting manufactures aluminum military parts, aluminum hardware, and aluminum die castings. Visit our website for a quote: Kinetic Die Casting Company
Advantages of Aluminum Die Casting Company
Advantages of Aluminum Die Casting Company. In manufacturing small and medium sized aluminum parts, hiring an Aluminum Die Casting Company can go a very long way. They specialize in using die casting aluminum into different parts and products using molds. First of all, why use aluminum for parts and products? Aluminum is a metal that can be mined of the top of the earth, it is easy to acquire and it can be found almost everywhere around the globe. This makes it cheap to buy aluminum. Next, aluminum has some very appealing characteristics. Its strength and durability is comparable to that of steel but it carries just a third of its weight. Stronger and lighter, aluminum is fast becoming the choice of many manufacturers. For those who cannot afford yet the machinery required for die casting, they contract an Aluminum Die Casting Company to help them.
Since an Aluminum Die Casting Company has the resources and knowledge in die casting, they can efficiently create parts and products to the specifications of their client. How do they do it?
First, they melt the aluminum by placing them in a furnace, thus making them into liquid. The liquid aluminum will then be casted into molds which give them their new size and shape. Applying huge amounts of pressure, the liquid aluminum enters every crevice of the mold, which results in more accurate dimensions. The molds are set aside to cool and the liquid hardens. Once they are opened, the parts or products will simply need a few finishing touches and they can be delivered to the client.
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
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Aluminum Die Casting Company what it can do for you
Aluminum Die Casting Company – what it can do for you. Manufacturers of all kinds and industry commonly make use of a material known as aluminum. This material is a metal alloy which has a unique characteristic that has led others to say that this metal is more precious than gold although this material is very abundant. This unique characteristic of aluminum is that it is very tough, strong and durable. It is said that this metal is even stronger than steel. But at the same time, aluminum is surprisingly light in weight compared to other metals. This is why manufacturers of cars, automobiles, electronics and other products use this material in their goods. To get vast quantities of the parts that they need, manufacturers can enlist the services of an Aluminum Die Casting Company.
An Aluminum Die Casting Company specializes in the procedure of shaping aluminum bars into the parts that the manufacturers need, this is known as die casting. This process starts off with aluminum bars that are melted with the use of high temperatures. When the metal is turned to liquid, they are injected into molds known as castings. The liquid metal will then take the shape of the mold and once it hardens, it becomes the finished product, albeit some finishing touches.
The services provided by an Aluminum Die Casting Company can be very valuable to a manufacturer. It is a fast and cheap method of creating high quality parts for their products and they are relatively easy to find because they can be found almost everywhere with a quick search of the phonebook or internet.
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Aluminum Die Casting Company Seeking a manufacturer
Aluminum Die Casting Company – Traits to consider in searching for manufacturer. The Aluminum Die Cast parts, produced by an Aluminum Die Casting Company, proves to be stronger than steel. Since these castings, aluminum high pressure parts and other die casts are produced in high volumes every day, the profit for this kind of work is very beneficial.
The primary product of an Aluminum Die Casting Company, aside from zinc alloys is, aluminum alloy die castings since these die casts need not be welded together. The added value of services offered by an Aluminum Die Casting Company, as a form of loyalty enhancement, is to offer personalized treatments to the die casts like power coating, plating and packaging.
It’s a common practice that die casts are produced net shape so customers must be given competitive prices for die cast parts. They search for the most affordable one that could meet their demands on time with the least number of defects.
There are different services that these die casting companies give like production of tooling inserts and other small parts in house to reduce the tooling production. This is a big help for the customers since they can have their money’s worth. It shows the company’s capability to adjust to the needs of their customers — saving them extra time and expense on top of their initial orders.
It would be best to look for a company that operates continuously in order to meet your demands. Time should be always prioritized and quality should not be compromised when dealing with short lead time.
Kinetic Die Casting is a aluminum and zinc die casting company. If you would like to know more information, please visit our website:Kinetic Die Casting Company
Aluminum Die Casting Company What’s their worth?
Aluminum Die Casting Company – What’s their worth? Manufacturing parts and other products is sometimes a very complicated and delicate matter wherein the people behind the operation should take into account every detail of their business so that they can insure every cost is covered and they can make good money out of it. This would mean that they should find ways in limiting their production costs without significantly sacrificing the quality of their product. It can be a difficult task, but it is possible. For those who need aluminum parts, they can try contracting an Aluminum Die Casting Company.
An Aluminum Die Casting Company provides a valuable service to manufacturers. Many products in the market today or under production make use of aluminum parts such as appliances, electronics, houses and buildings among other things. Aluminum is an in demand material because it is strong, light and cheap, at the same time die casting companies offer cheap rates with more than satisfying results.
The difference between permanent mold casting and die casting is that the latter doesn’t just melt the material and place them into molds, it uses high amounts of pressure in order to secure the material in every crevice of the mold. This results in a smoother and higher quality finish for the product. At the same time, it is better in consistency as well.
A good Aluminum Die Casting Company will be able to provide a manufacturer with its aluminum needs. The process is fast, cheap and very reliable which makes these companies worth time and every cent.
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