Closing Date Set For Quad City Die Casting

Closing Date Set For Quad City Die Casting

Updated: Aug 26, 2009 02:06 PM

Workers at Quad City Die Casting in Moline now know when their last day will be on the job.

A company spokesperson says the business will close on September 4th. After that, only a few employees will remain to help clean up the site. Then, liquidation of equipment and machinery will begin.

About 100 people currently work at the small manufacturing plant. Employees have been fighting to keep their jobs ever since the company announced the plant would be closing because it couldn’t get an extension of credit.

Source: http://www.kwqc.com/Global/story.asp?S=10995437

Kinetic Die Casting manufactures custom metal parts to their customer. If you would like more information about Kinetic Die Casting, please visit our website:Kinetic Die Casting Company

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Judge allows GM to buy Delphi assets to help supplier emerge from bankruptcy

Judge allows GM to buy Delphi assets to help supplier emerge from bankruptcy
by Bree Fowler | The Associated Press

NEW YORK — A bankruptcy judge on Monday approved a deal that could shift some of auto parts supplier Delphi’s assets to General Motors Co., which emerged from bankruptcy protection last week.

U.S. Judge Robert Gerber, who is overseeing the liquidation of Motors Liquidation Co., the collection of assets and liabilities left over after the sale of prized GM assets to a new company, gave his approval to the deal, allowing GM and an affiliate of Platinum Equity to buy the bulk of Delphi’s assets and help the auto supplier emerge from bankruptcy protection.

All of the assets and costs related to the agreement will transfer to the new GM and not effect the finances of “Old GM” or the possible returns for the old company’s creditors, GM attorney Robert Lemons told the court.
AP PhotoThis is an undated photo released by United States Bankruptcy Court Tuesday, June 2, 2009, of Judge Robert Gerber.

The agreement could help save Delphi Corp. from liquidation, but still hinges on the consummation of a deal between the Troy, Michigan-based auto supplier, the new General Motors and Platinum.

As part of deal reached in June, Beverly Hills, California-based Platinum will be allowed to operate Delphi’s businesses both in the U.S. and abroad. Detroit-based GM will contribute a total of about $3.9 billion, including a $2 billion equity investment in Platinum, to help finance the deal. Platinum will contribute a maximum of $500 million in financing.

In exchange, GM will get certain parts of Delphi, including its Saginaw, Michigan-based steering business, and assurance of a steady supply of many of the parts it needs to produce its cars and trucks. Other “noncore” plants and assets will be sold off over time.

Delphi, which was GM’s parts division before being spun off in 1999, filed for bankruptcy protection in October 2005. It still produces about 10 percent of the parts used in GM’s global production and its components go into nearly all of GM’s North American production lines.

At the same time, GM is Delphi’s largest customer and the automaker’s business is crucial to its survival.

But some Delphi lenders, who have been funding the company’s operations under bankruptcy protection, have objected, calling the deal with Platinum a “secretly negotiated transaction” that violated Delphi’s obligations to maximize the value of the lenders’ investment.

Meanwhile, Platinum has maintained that Delphi was forced to look for funding elsewhere because the lenders didn’t provide enough, and that its offer remains the best option for Delphi.

No other parties have stepped forward with a bid to buy Delphi, but the lenders have until Thursday to submit their own bid. If they do, an auction will take place the next day in front of U.S. Judge Robert Drain, who is overseeing Delphi’s case, to determine which bid is superior.

A hearing on the sale of Delphi’s assets is scheduled for July 23. If a sale is approved, the company has said it could emerge from bankruptcy later this summer.

Kinetic Die Casting manufactures custom metal parts to their customer. If you would like more information about Kinetic Die Casting, please visit our website:Kinetic Die Casting Company

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Manufacturing Executives Report Signs of Improving Economy in New Poll

DEARBORN, Mich., August 24, 2009 — Optimism about the economy is beginning to permeate among the ranks of recession-wracked manufacturers, according to a new poll conducted by the co-sponsors of the upcoming FABTECH® International & AWS Welding Show, including METALFORM, in Chicago.

More than half (53 percent) of the manufacturing executives polled indicated they have seen or experienced signs that signal the start of an economic recovery. The survey of 1,046 past or prospective registrants of the FABTECH event was conducted in late July.

Leading the way of positive signals reported were an increase in new sales inquiries (27 percent), followed by an increase in orders (23 percent), reduced layoffs (18 percent) and the need to replenish inventory levels (14 percent).

Additionally, more than one quarter surveyed – 27 percent – agree with economists’ forecasts that the economy will return to moderate growth in the third and fourth quarters of 2009.

“These findings are in line with what we are hearing from other industry sectors, as well as economists’ assessments that the economy is gradually improving,” said Mark Hoper, FABTECH show manager. “Thus, it’s important for manufacturers to take advantage of this pending recovery period. In fact, one keynote address during FABTECH offers strategies designed to prepare businesses for the economic turnaround, and other sessions explore similar issues tied to the economy.”

Taking place November 15-18, the FABTECH® International & AWS Welding Show, including METALFORM, is timed to provide manufacturers with the latest tools, technologies and processes to improve their business in uncertain economic times.

FABTECH is expected to draw some 35,000 attendees and 1,000 exhibitors to Chicago’s McCormick Place. It is the largest tradeshow in North America dedicated to showcasing a full spectrum of metal forming, fabricating, stamping, tube and pipe, and welding equipment and technology.

“This event offers two keynote panel discussions and several free educational sessions that offer solutions and strategies for manufacturing executives to operate a more efficient and competitive business,” said Hoper.

One strategy for potential growth to be a major focus at the show is in the energy sector. A panel discussion titled, “Energy – The Outlook is Bright, But Where Will It Lead Us”, will connect experts from the wind and solar energy sectors who will discuss trends and forecasts, government issues and what it means to current and future suppliers. Separate Solutions Showcase presentations will highlight opportunities for metal fabricators in the surging wind and solar energy markets.

To register for the 2009 FABTECH International & AWS Welding Show, including METALFORM, call 800.733.4763 or 313.425.3000, ext. 4500 (outside the U.S. and Canada), or online at www.fabtechexpo.com.

Cosponsored by the American Welding Society (AWS), Fabricators & Manufacturers Association Int’l (FMA), Society of Manufacturing Engineers (SME), and Precision Metalforming Association (PMA), the event is the ultimate solutions showcase. Thousands of buyers and sellers from across the globe will gather at the exhibition to exchange products and services, network with peers, discover new products and vendors, and educate the industry on the latest technologies. The 2009 show also will include the first official METALFORM Pavilion exhibition that will display innovations in stamping technology.

Kinetic Die Casting manufactures custom metal parts to their customer. If you would like more information about Kinetic Die Casting, please visit our website:Kinetic Die Casting Company

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Porosity in the Die Casting Process

Die Casting Porosity

What is Die Casting Porosity? In order for you to know what die casting porosity is, you need to know the die casting basics. The most common form of Die Casting Porosity is a kind of factory defect in which die cast parts contain small pockets of void space and air within the metal, causing it to become porous.

Porosity in Die Casting is the air trapped by the metal inside the die casting parts. To know more, a basic knowledge of the die casting process is necessary. Die casting is a process wherein a particular amount of molten metal is put inside a shot cylinder, then it is applied (plunged) with great force with a piston so as to force the metal into a die cast mold or die cast die. During this “plunging process”, air inside the cylinder is forced along with the metal into the die casting mold. It is a very fluid turbulent process. The air forced into the mold with the metal and the metal already inside the mold is forced out of the mold through a series of gates, vents and overflows.

After this, the metal is left to cool down and harden or freeze inside the mold. The metal is then removed as a die cast part. The same process is repeated over again.

Die casting companies use metals which are non-ferrous, or do not contain Iron, as this is the highest factor for oxidation and rusting. Several examples of non-ferrous metals include zinc, aluminum, lead, magnesium, tin and copper. Kinetic Die Casting only uses aluminum and zinc.

In the worst case, porosity in die casting parts, weakens die casting parts, if the voids or pockets are very large. Porosity typically matters most in pressure tight die casting parts. When the air escapes through a die casting part, it is typically caused by porosity.

The many forms of Die Casting Porosity are caused by many variables:

  • Metal and Mold Temperatures
  • Material Cleanliness
  • Die Cast Mold Design
  • Die Cast Part Design
  • Die Casting Machine Pressures
  • Die Casting Machine Shot Speed
  • Die Casting Spray or Mold Release
  • Other forms of porosity can be from “shrinkage” or wall thickness.

Employees of Kinetic Die Casting are POROSITY EXPERTS in die casting parts that need to be free of porosity.

Contact Kinetic Die Casting today if you need “solid” die casting parts.

Kinetic Die Casting, Inc.
6918 Beck Avenue
North Hollywood, California USA 91605
818-982-9200 telephone
818-982-0877 fax
Kinetic Die Casting Information

Kinetic Die Casting manufactures custom metal parts to their customer. If you would like more information about Kinetic Die Casting, please visit our website:Kinetic Die Casting Company

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Cerion LLC Purchases Assets of Intermet, Revstone

Released on July 23, 2008

According to its public relations representative, Cerion LLC, Plymouth, Mich., and parent company Revstone Industries, Paris, Ky., on June 24 won an auction for the business assets of Intermet Corp., Fort Worth, Texas, shortly after it had purchased diecasters Contech LLC, Portage, Mich., and Burlington Technologies, Burlington, Ontario, Canada.

According to the rep, Intermet, which was working through bankruptcy reorganization, was to be added to the holding company’s growing stable of diecasters by the end of July, when a court was expected to approve the purchase.

Cerion also confirmed the purchase of Contech, a diecaster that declared bankruptcy in January, and Burlington, another automotive diecaster, on June 22. Terms of neither transaction were disclosed.

“Cerion is building a manufacturing-oriented business focused on providing customers in a variety of industries with world-class products and services,” said Dave Doster, chief executive officer of Cerion.

According to press releases issued by Cerion, both Contech and Burlington will continue to serve the global automotive market with aluminum diecast components. In addition to the metalcasters, Cerion recently purchased the assets of a value-added finishing technology company and a provider of precision stampings for the automotive, trucking, industrial and consumer markets.

The Cerion representative declined to offer more information on the Intermet acquisition at this time.

Source: http://www.moderncasting.com/content/view/782/101/

Kinetic Die Casting makes great quality aluminum, and Zinc Die Casting If looking for a job or would like a quote please visit our website:Kinetic Die Casting Company

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