Shiloh Industries, a manufacturer of automotive steel blanks that is steadily expanding its aluminum diecasting holdings, plans to restart a vacated Contech/Metal Forge plant in Clarksville, TN. Ohio-based sought Shiloh recently sought and received a nine-year property tax abatement for the idle 75,000-ft2 high-pressure diecasting operation, which it will invest an estimated $20 million to rehabilitate and operate.
“We’re looking to make a serious investment in this facility,” according to Bob Poeppelman, a Shiloh executive speaking to Investors Business Daily.
Up to 160 workers could be employed there, the report indicated.
The schedule for the redevelopment is not clear. Shiloh has made no official statement on its plans.
Contech, now defunct, was a series of aluminum diecasting operations and part of the Revstone Industries portfolio. In its bankruptcy reorganization, Revstone sold four Contech plants to Shiloh.
Shiloh currently operates one of those plants nearby the Clarksville location, in Dickson, TN, supplying aluminum parts to Nissan Automotive in Smyrna, TN.
In addition to the Revstone assets, Shiloh recently acquired Finnveden Metal Structures, which includes a magnesium high-pressure diecasting plant in Poland and sheet metal stamping and joining operations in Poland and Sweden.
The group also includes Shiloh Die Cast Midwest LLC in Pleasant Prairie, WI, which produces high-pressure diecastings for axle housings, gear cases, valve covers, and shock towers.