Pressure Die Casting Cast Aluminum Parts for Music vs Gravity Casting. It may be surprising to know that a light weight material such as aluminum has many uses in different manufacturing industries. From heavy equipment such as military nozzles to …
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Category Archives: Die Casting Company
Metaldyne Takes Further Restructuring Actions
Plymouth, MI – Metaldyne Corp., took several actions in 2008 to reduce structural costs, balance capacity with declining vehicle production and create a more agile and streamlined organization focused on its core product lines. These actions will help the company deliver its Plan to Win, which is aimed at creating value for Metaldyne stakeholders.
Metaldyne will further rationalize its headquarters operations in Plymouth. Since January 2008, the company has significantly reduced its headquarters staff. In addition, Metaldyne eliminated a separate leased facility, which housed its North American Chassis Products business unit, and consolidated that operation into another Metaldyne building in Plymouth. It will now further consolidate its operations in Plymouth by merging its headquarters facility into that same building. The move is expected to be completed by mid-2009.
“With this move, we will have rationalized from three headquarters facilities in Plymouth to one facility, which not only saves expenses but better streamlines how we will operate as a company,” said, Metaldyne chairman and CEO and co-CEO of Asahi Tec Thomas A. Amato. “This is another step in our plan to focus our resources on our manufacturing operations, processes and product technologies.”
Submitted by Metaldyne Jan. 8
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
Coast Die Casting update
Coast Die Casting sold their business operations to Kinetic Die Casting Company on June 3rd, 2009. In the last few weeks, Kinetic Die Casting Company has supplied parts to many of the former Coast Die Casting Company customers.
All of the former Coast Die Casting customers are very happy with the change in services and quality of the die casting parts. If you were a Coast Die Casting Customer searching for your tooling, give Kinetic Die Casting Company a call 800-524-8083.
Kinetic Die Casting manufactures products like aluminum hardware, and aluminum boxes. If you would like more information on Kinetic Die Casting, please visit our website:Kinetic Die Casting Company
Aluminum Company Aleris International files for bankruptcy protection
Aleris International files for bankruptcy protection
Posted by Robert Schoenberger/Plain Dealer Reporter
BEACHWOOD — Beachwood-based aluminum company Aleris International filed for bankruptcy protection Thursday, saying the financial drain of the weak economy was too great.
“Even though this is a tough process to go through, it will clearly make us a stronger company,” Aleris Chairman and Chief Executive Steven Demetriou said during an interview late Thursday. The owner of the Erie BayHawks NBA D-League squad added that Aleris’ operations are not the problem. The company’s massive debt load is.
The company will continue operating during bankruptcy, although it has already idled several plants in Indiana and North Carolina.
Aleris said it has arranged for $1.1 billion in financing (a $500 million loan and a $575 million credit arrangement) to keep it operating through bankruptcy. That financing will let it continue to pay employees and run facilities as it restructures.
The bulk of the company’s debt comes from its rapid expansion since its formation less than five years ago.
Investors formed Aleris in 2004 by merging Kentucky’s Commonwealth Aluminum with Texas-based IMCO Recycling. In 2006, the company went private when the Texas Pacific Group bought it for $3.3 billion.
The Texas Pacific purchase was a leveraged buyout, meaning the company borrowed nearly all the money for the purchase. Demetriou said the $2.5 billion in debt raised in 2006 is the main reason the company had to file for bankruptcy protection.
“At the time we did the deal, the $2.5 billion of debt we had was the right amount,” Demetriou said. At the time, aluminum prices were high and climbing, and analysts expected prices to increase for years.
But over the past six months, aluminum prices have tumbled along with steel, oil and other commodities.
“With today’s operating environment, clearly the debt is unsupportable,” Demetriou said. He added that the company may need to take other restructuring steps but that the main focus will be financial.
In its filing with the U.S. Bankruptcy Court in Delaware, Aleris said it had assets worth about $4.9 billion and about $4.2 billion in debt.
Under Chapter 11 of the U.S. Bankruptcy Code, companies can stop paying creditors while they work out new payment schedules. Typically, the company’s creditors end up owning most or all of the restructured company.
In Ohio, Aleris has its Beachwood headquarters and an aluminum rolling mill in Uhrichsville. The company had another mill in Walton Hills, but it was closed last year.
Only two of the company’s 30 largest creditors are in Northeast Ohio, according to the court filings. Aleris said it owes about $1.5 million to Ferropem, a Medina sales office for a European silicon company. Aleris owes $840,486 to Metal Conversions Ltd., a Mansfield company that makes aluminum-processing equipment.
Aleris’ European, Asian, South American, Mexican and Canadian operations were not included in the filing.
ADDITIONAL NOTES ABOUT DIE CASTING COMPANY CLOSURES:
Coast Die Casting Company closed their doors for a final time July 3, 2009. Coast Die Casting Company sold their business operations to Kinetic Die Casting Company.
What is an Aluminum Die Casting Company?
What is an Aluminum Die Casting Company? Aluminum today is a commonly used metal alloy in a lot of products covering numerous industries. It is used in building automobiles, it is used in consumer electronics, and it is used in housing projects and many more. There are several ways to make use of this metal alloy. Manufacturers all over the world have chosen this metal for their products because it is cheap to obtain, it is a lightweight material yet it is very strong and durable. When it comes to their aluminum needs, manufacturers commonly go to an Aluminum Die Casting Company.
An Aluminum Die Casting Company provides a service to manufacturers of manipulating aluminum metals into the desired shape and size. In other words, these companies are responsible for taking a bar of aluminum alloy and turning them into various parts such as heat sinks, lighting fixtures, brackets and automotive parts. They do this through a process known as die casting wherein the aluminum bars are subjected to intense heating until they liquefy. The liquefied aluminum will next be poured into large metal casings known as castings or molds. The liquid metal would take the form of the casting and when it is cooled, the metal will harden into its former solid state no longer a bar, but the intended shape.
The service of an Aluminum Die Casting Company is very valuable to many manufacturers as they provide high quality material at low costs. This is especially helpful for those does not have access to the needed machinery to accomplish die casting.
Kinetic Die Casting manufactures aluminum die castings creating aluminum die casting boxes, aluminum handle hardware, and aerospace die casting. If you would like to get a quote, please visit our website: Kinetic Die Casting Company
Spartan Light Metals lay-off 170, more possible
The Spartan Light Metal Products production facility in Sparta recently conducted a series of lay-offs. Actually, an extensive series of lay-offs that started in November that have gradually picked up speed.
The current action taken by Spartan Light Metal Products has displaced approximately 170 employees at the Sparta facility. The facility is down to two shifts. Some lines have been totally shut down while others are only running during one shift. The company is reported to be hardly running any automotive parts down the lines. Many longtime workers were laid off or demoted with some given a temporary lay-off status while many are being laid off permanently. And it is whispered, this might not be the end.
A press release by Spartan, from the desk of Vice President of Human Resources Philip Zampogna states, “Although Spartan continues to be optimistic this reduction in force will be temporary, unpredictable orders and limited information concerning longer-term customer forecasts make the length of this reduction very difficult to predict in the current market environment.”
Zampogna was not available for comment.
Sparta Mayor Rob Link said, “This will affect the entire surrounding area. There are many people who work outside Sparta that this will affect, too. It is time for the community to pull together. To unite. To make sure people have heat in their house and food on their table.”
The company has sent out notifications according to the Federal Worker Adjustment and Retraining Notification (WARN) Act . The WARN notifications are a federal requirement for employers in the event of mass lay-offs and/or plant closings. The act stipulates that employers must give 60 days notice if they are going to close plants or commit mass lay-offs. That is, unless “the lay-off is caused by business circumstances that were not reasonably foreseeable as of the time that notice would otherwise have been required,” according to the press release by Zampogna. The release goes on to say, “…these sudden and unforeseeable reductions in customer demand have led to this shortened notice period. This action is a reduction in force. There is no intention to close the Sparta, Il location.”
“Spartan Light Metals is a stable company,” said Mayor Link, “They have invested a lot in the Sparta facility. I feel confident the work force will be put back to work.”
The Sparta facility is not the first production facility to be reduced by Spartan. There have been work force reductions in Mexico and Hannibal, Mo as well as three other plants in: Detroit, MI, St. Louis, MO, and Tokyo, Japan. Many reasons point to the decline of the automotive industry in general.
Founded in 1961, by Henry A. Jubel the company was quick to become one of the leading metal die casting companies in the U.S. For the first year, Jubel reportedly slept at his new factory due to a small work force. Spartan remains a private, family-owned company, with Henry’s son, Donald A. Jubel currently handling the reigns. Spartan produces lightweight metal die castings fro the automotive industry. An international company, they supply to such companies as Ford, Toyota and Honda Their products include: cold chamber aluminum and magnesium, hot chamber magnesium, aluminum permanent, precious metal, iron, copper, lead, brass, bronze, ferrous/non-ferrous alloy, and stainless steel die castings. Reports are varied concerning the annual revenue Spartan can generate and ranges from $50-180 million. In 2004, Spartan received an exclusive licensing agreement from NASA for use of the MSF-398.1 aluminum/silicon alloy.
Kinetic Die Casting manufactures aluminum military parts, aluminum hardware, and aluminum die castings. Visit our website for a quote: Kinetic Die Casting Company