Weekly Update  August 19, 2008

Weekly Update August 19, 2008

Back to Bankruptcy for Intermet Spartan Light Metal Implementing Layoffs The Capital Equipment Re-Investment Cycle

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FOUNDRY Management & Technology
Weekly UpdateAugust 19, 2008
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This Week's Metalcasting News Review

Back to Bankruptcy for Intermet
Intermet Corp. has filed a petition for creditor protection with the U.S. Bankruptcy Court in Delaware – the company's second resort to Chapter 11 reorganization in less than four years. Read more

Diecaster Implementing Companywide Layoffs
Spartan Light Metal Products is reducing the size of its workforce with a round of layoffs it attributes to "overall weakness in the U.S. economy, higher gasoline prices and lower consumer spending have caused Spartan's customers to make dramatic changes in their order patterns." Read more

FS&D Completes Study on Brembo Expansion
Foundry Solutions & Design reports it has completed a comprehensive study for a significant expansion of the ferrous foundry at Brembo Poland Spolka, in Dabrowa Gornicza, Poland. Read more

Inductotherm Supplying Super-Size Melt Shop
The Davy Roll Co. Ltd. placed an order for what will be one of the largest induction-melting systems installations in the European market in recent years, supplied by Inductotherm Ltd. Read more

Featured This Week

The Capital Equipment Re-Investment Cycle
Understanding the interaction of capital equipment investment, commodity prices, and public policy will allow us to react to our current situation appropriately. Read more

Forums And Blogs

REB blog: Safety in numbers?
A research report last week speculated that about 30% of all North American auto parts suppliers may be on the brink of bankruptcy because of declining vehicle sales (especially trucks) and increasing commodity costs. At least one metalcaster is already there. Read more


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