Two automotive aluminum diecasters are planning to expand operations in the coming months, evidence of continued demand from domestic and transplant automakers for lightweight components.
Ryobi Ltd. has plans to invest $97.5 million in its Shelbyville, IN, subsidiary Ryobi Die Casting USA, to add a fourth production plant there and add up to 150 employees. Local news reports indicate the company will buy a fourth building, expanding its high-pressure diecasting operations producing aluminum transmission cases, housings, and various engine and structural parts, to a volume of 500,000 parts annually.
Ryobi Die Casting also produces parts for Tuff Torq Corp., which produces lawn and garden equipment.
The new plant will open late in 2017.
Separately, Rane Precision Die Casting in Russellville, KY, will be the object of a $5.8-million investment by its parent company, The Rane Group of Chennai, India. Local reports indicate the investment will cover the cost of new tools, machinery, and to improve the plant’s current equipment.
Rane Precision Die Casting operates 28 diecasting machine and specializes in high-volume orders for pressure tight, thin-wall, low-porosity cast and machined aluminum parts.
Rane Group is a supplier of steering and suspension systems, friction materials, valve train components, occupant safety systems, diecasting products, and aerospace-grade wiring harnesses.