Weekly Update  December 29, 2009

Weekly Update December 29, 2009

Grede Foundries sale approved Robotics JV targets investment casters Hayes Lemmerz bankruptcy ends 2010 Outlook

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Weekly UpdateDecember 29, 2009
This Week's Metalcasting News Review

Grede Sale to Finance Group Gets Court Clearance
Grede Foundries’ agreement to sell six of its operating plants to an affiliate of Wayzata Investment Partners L.L.C. of Minnesota has been approved by the U.S. Bankruptcy Court overseeing its reorganization. The plants involved are in Wauwatosa and Reedsburg, WI; St. Cloud, MN; Wichita, KS; New Castle, IN; and Iron Mountain/Kingsford, KS. Read more

Robotics JV Targets Investment Casters
KMT Robotic Solutions, Acme Manufacturing to specialize in shell removal, cut-off, and degating. Read more

Hayes Lemmerz Exits Bankruptcy
Tier One automotive supplier Hayes Lemmerz International Inc. reports that it has emerged from its Chapter 11 bankruptcy reorganization — an effort that it initiated in May following negotiation with its lenders and creditors. The producer of aluminum and steel wheels for passenger cars and light trucks, and of steel wheels for commercial trucks and trailers, said its creditors “overwhelmingly” endorsed its strategy. Read more

Featured This Week

Self-Serve Metrology Fulfills ESCO's QC Expectations
Recently, ESCO’s Dimensional/Gage Dept. set out to streamline quality control for new product development, based on metrology hardware and software. The department hoped that the new tools could provide high usability, portability, and ondemand inspection. Read more

Forums And Blogs

REB Blog: The clock is ticking
… decades of cost cutting and productivity enhancements have accomplished most of the improvements that can be expected for U.S. manufacturers until sustained industrial and consumer demand restore some vitality to the overall economy. Read more

Announcements


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.


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Upcoming Events

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