The main purpose of lighting fixtures or parts is to create artificial light. A lighting fixture consist of 0 parts—the light source, light reflector that directs the light to a certain point, an opening (with lens or without lenses), the …
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Category Archives: Die Casting Company
Intermet Die Casting Assets Sold to Revstone
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 judge will approve the auction and enter the sale order at the hearing to be held in Wilmington, Del.
A single paragraph posting informed Intermet employees that the company’s assets were purchased by Revstone Industries LLC, a privately held company based in Paris, Ky., on Thursday.
Intermet Corp. had filed for Chapter 11 on Aug. 12. This was the second bankruptcy filing since Sept. 29, 2004, for Intermet.
According to The Deal Pipeline, this is Revstone’s second recent distressed acquisition as of late. In May, it purchased six plants from bankrupt auto parts maker Contech LLC which also supplied the Ford steering column. The privately held Contech was founded in 1950 and has six casting facilities in Michigan, Indiana and Tennessee. According to reports in the Detroit Free Press, several major customers of Contech filed an objection to the sale, including Ford Motor Co., which said it would not use Revstone as a replacement supplier.
Automotive industry publications said that the LLC is buying up high tech diecasting plants. Revstone’s parent company is Cerion LLC, a Plymouth, Mich. based company.
Intermet continues to operate with a skeleton workforce which once numbered more than 1,200 at its peak at the Monroe City, Palmyra and Hannibal plants. The Hannibal plant has since been sold to Spartan Light Metal Products.
Local Intermet officials returned calls but said they could not comment and referred all inquiries to Gordon Cole, a public relations consultant for the Cerion firm. Cole said it was premature to release any information and could not verify employee numbers.
Monroe City Mayor Neal Minor said neither he nor City Administrator Jim Burns had been able to make contact with anyone from Intermet. “I remain cautiously optimistic that the Monroe City Intermet facility will become a functioning part of what they are attempting to build.” Minor said.
“Unfortunately for the Intermet employees, they have gone from one unknown (What is going to come out of the bankruptcy proceedings?) to a new unknown (What are Revstone’s intentions for the Monroe City facility?) We are working hard to try and get some answers to that question.”
Source: Linda Geist, The Lake Gazette http://www.monroecity.net/
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
NLRB complaint from Quad City Die Casting
The union representing about 80 workers at Quad-City Die Casting in Moline, which is scheduled to shut down later this month, filed charges this morning with the National Labor Relations Board, or NLRB, claiming that the company is denying benefits owed to them.
“The company informed employees that Wells Fargo would not approve the expenditure of owed vacation pay. In addition, they have refused to comply with a 2 percent wage increase due the employees under their legally binding collective bargaining agreement, pay a floating holiday, and they have eliminated health insurance coverage,” United Electrical, Radio and Machine Workers of America, or UE, Local 1174, said in a news release.
Wells Fargo issued a statement this afternoon saying that it is not involved in making decisions about the day-to-day finances and operations of Quad-City Die Casting, and referred operational questions to the company’s management, which has declined comment.
Quad-City Die had said it will close July 12, putting nearly 100 people out of work. However, Leah Fried, a UE organizer, said employees have been informed that layoffs will be delayed and with the current workload, the company expects to remain in operation until the end of August.
Quad-City Die is owned by Drew Debrey, the company president. His father, Andrew Debrey, founded the company in 1949.
Fried said the contract called for the wage increase to take effect in June. Although the plant is closing, she said the wage differential “affects their unemployment. It is money owed to them.”
In addition, she said the company has cancelled health insurance and instead given workers lump sums of cash. In addition, she said, the company is refusing to pay medical bills that occurred prior to the health benefits being cancelled.
Fried said the NLRB now will investigate the charges and determine whether they have merit.
Kinetic Die Casting is a california die casting company that manufactures die cast parts. If you would like more information or request a quote, vist our website:Kinetic Die Casting Company
Die Casting Job References
Die Casting Job References. Upon making your resume, it is typical to add a list of names at the last part, which will serve as your die casting jobs references. You can also type it on a different sheet of paper which you can hand to your potential die casting employer upon request. What are job references, and why are they necessary?
Usually when a potential, die casting job, employer asks you for references, he or she already sees you as a potential employee, and wants to know further about you. Planning ahead and putting a list of names on your resume is a good idea, rather than thinking of a name who can talk about you just as your potential employer asks for one.
It is important to note as well that it is necessary to ask someone’s permission first before putting in his or her name as your die casting job reference. This is also ideal in that you can sound him or her off, to see if he or she is willing to talk about you in a positive way. If the person you ask seems hesitant, it might not be a good idea to list him or her as your reference. The best people to ask would be former professors, die casting employers, and co-workers. When you are new in the workforce, you can also ask people who are close to you such as former teachers, church ministers, and others who can serve as your die casting character references.
Lastly, don’t forget to update your references. Inform them on who will possibly call, and thank them when they provide your die casting jobs references. More tips can be found on Superjob4U.
Kinetic Die Casting manufactures products like heatsink die casting, aluminum housings, and lighting fixtures. If you would like more information, please visit our website:Kinetic Die Casting Company
Pace Industries in Monroe City
Monroe City, MO — Machinery is being moved out of Pace Industries in Monroe City as the plant prepares to close July 14.
Some equipment from the Monroe City facility is being moved to other plants in Arkansas and Wisconsin.
Pace announced in May that it was closing the 220,000-square-foot facility at 135 Front Street. Almost 190 workers will lose their jobs.
The Arkansas-based company produces aluminum die cast products for a variety of industries, and blames the closure on the national economic downturn.
Pace bought the plant in 1990, but the facility dates to 1951 and once was known as Kuhlman Diecasting.
Kinetic Die Casting manufactures die cast parts for their customers. If you would like to know more about what is die casting or if you would like a quote, please visit our website:Kinetic Die Casting Company
Past The Point of No Return
We visited a die casting company today, a competitor who called for help. They called yesterday to see if there would be any interest in buying them. We scheduled a time of 10:30 today for a visit.
We arrived at 10:20, the owner was not there yet. We saw the employees wandering around “trying to look busy”. They were wiping down die casting dies and checking threads on parts. There was not a die casting machine running or a furnace heated. We asked an employee if there was any production today? He indicated that one of the 400 ton die casting machines ran yesterday. We checked the furnace and it was cold… It has not been on for days. Then another employee told us that the Electricity was turned off and the gas was turned off and the phones were turned off.
Just then, the owner arrived. He was looking haggard. Our conversation was brief. He handed us a sales report for the first half of the year and a listing of his customers. His sales indicate less than half that of last year. He said he was interested in selling the assets of the company and to make him an offer. I made him an offer of the value I would place, based on other transactions I have been involved with. I gave it to him in writing with an expiration date. I also gave him a non-disclosure agreement.
The sad fact is he should have contacted me sooner. He is certainly beyond saving the company. He is “Past the Point of No Return”
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
