| Weekly Update – July 14, 2009 |
| This Week's Metalcasting News Review |
| || Lufkin Buys Turbo Equipment Manufacturer |
Lufkin Industries Inc. has acquired Rotating Machinery Technology Inc., Wellsville, NY, for an undisclosed price. Rotating Machinery designs and produces precision, custom-engineered tilting-pad bearings and related components for high-speed turbo equipment. Read more
| || Hayes Lemmerz Files Reorganization Plan |
Hayes Lemmerz International Inc. has filed its proposed plan of reorganization and disclosure statement with the U.S. Bankruptcy Court for the District of Delaware. If confirmed by the court, the plan provides that the company's debtor-in-possession (DIP) lenders and pre-petition secured lenders would own substantially all of the common stock of the reorganized company and all of its global manufacturing locations upon emergence from Chapter 11. Read more
| || Call For Abstracts Goes Out for INALCO 2010 |
The 11th International Aluminum Conference (INALCO) will be held at Eindhoven University of Technology in the Netherlands next June. As part of the preparations for the conference, interested researchers, graduates, and scholars from universities and research institutes are invited to submit abstracts on all aspects of light metal, “in particular those concerning aluminum and magnesium alloys.” Read more
| || REB Blog: Out of their hands |
The real burden for GM is its image. It was not good before the collapse, the bankruptcy did not fix it, and in some critical ways the rescue plan has made the image worse than before. Read more
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