May 16, 2007 — Thresher Industries, a California-based producer of aluminum and aluminum-composite cast components, reports it is studying locations in Michigan for additional casting capacity. The new location would be a compliment the company's 28,000-ft2 plant in Hanford, CA, as a way to serve its expanding customer base in the Eastern U.S.
According to company president and CEO Tom Flessner, "This new facility is a giant stepping stone in the development of Thresher Industries as an industry leader. We will be able to contact and attract new customers throughout the country, and cut time and shipping costs to our existing clients. Having this additional facility up and operational will allow us to continue on our path of growth and success. I look forward to announcing further details on this project in the near future."
The new plant will be in operation by mid 2008, according to Thresher.
Over the past 18 months, Thresher says, it has recorded a 75% increase in its Midwestern and Eastern client base, which it attributes in part to "the overwhelmingly positive response to Thresher's materials by the automotive industry."