| Weekly Update – October 20, 2009 |
| This Week's Metalcasting News Review |
| || Auto Parts Maker Accuride Files for Bankruptcy |
Chairman Bill Lasky explained that the goal of the debt restructuring is "to create a sustainable capital structure that will support greater profitability and solidify the company's position as the market leader in its product categories." Read more
| || Thresher Adding Self-Pouring Machine |
"With the addition of this machine we will expand our market. A machine of this size allows Thresher Industries the ability to cast product from less than one pound to larger than 50 pounds, opening markets we could not approach prior to this," stated Thresher CEO Tom Flessner. Read more
| || Selected Metaldyne Assets Will Comprise "Powertrain" Group |
"These Metaldyne operations have solid product portfolios, advanced technologies, and an experienced workforce," explained an investor spokesman. "We have created a powertrain-focused company that will be a stable supplier to the global automotive industry, which we believe will benefit Metaldyne's customers and other stakeholders." Read more
| || REB Blog: Bottom dollar |
It seems clear that the Treasury and the rest of the Administration are committed to structuring the economy on the foundation of an export-driven manufacturing sector: how else to understand their unwillingness to stabilize currency values, by slowing federal spending, or cutting taxes in order to encourage consumer spending? Read more
| || |
Case Studies / Whitepapers
Sponsored case studies provide real-world accounts of what's happening in the machining industry. They chronicle the events faced by business owners and managers who had to deal with changes in the competitive environment, and plots the owners' or managers' response which usually entails a change in their business strategy. Read More.
| || |
IndustrialProductDemos.com is your home for interactive manufacturing and industry product demos. You will find animated tutorials that walk you through product features, parts, applications, and accessories. Watch Now!
Copyright© 2009 Penton Media, Inc. All rights reserved.
Thank you for reading FOUNDRY's Weekly Update. You are subscribed as #email#. To find out how to get your message in front of our qualified subscribers, please e-mail Jonathan Burger at [email protected].
To unsubscribe, please click here.
Foundry Management & Technology
The Penton Media Building
1300 E. 9th Street
Cleveland, OH 44114-1503
Fax: (216) 696-7932