Heat Sinks prevent damage to circuits. If you open your computer processing unit, you will find a component that sits on top of your circuit board. This is the heat sink die casting and it contributes a lot in making …
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Technological Advancements in the Automobile Industry of the US
The automobile industry of the United States of America has become one of the most essential and important industries not only in the country but in the whole world. The automobile industry has not only made huge profits by selling their products worldwide but also added themselves to the culture of people all around the world. There are various steps that are involved in the process of the automobile industry and these include designing of the vehicle, manufacturing it, marketing and selling it to the customers who are spread throughout the world.
Any rise or fall in the Automobile industry of the United States of America affects the U.S economy very hard as the latter is highly dependent on the former. The American automobile industry has flourished itself in such a way in the global market that it hardly suffers a loss in its sales. This is because, if the sales of their products in a certain area like South America get narrowed, then they can compensate it by selling their products in another part of the world like Asia or Brazil. This is the greatest advantage of growing themselves in all parts of the world equally.
The American Automobile industry manufactures a variety of vehicles ranging from four wheeled cars to heavy vehicles like trucks and buses. They also manufacture airplanes and vehicles that run on electricity which mainly include trains and some cars. This variety only makes the industry a huge one and offers job to millions of people living in the U.S and Canada. This is the reason that almost everyone is employed in North America because of the presence of such huge industries there. This industry is so huge that now companies have been setting up their plants in developing countries also, like India.
Along with providing jobs opportunities to the people living in the U.S and even outside the US, this industry also generates billions of dollars of revenue for the U.S economy which makes it one of the backbone elements of the United States of America’s economy. In other words, this industry provides various services to other industries where transportation is highly required and vehicles are used in large numbers. The automobile industry finds its use in almost every kind of industry and even in the defense also whether it is army, navy or air force.
The automobiles have revolutionized the way people travel from one place to another and with the help of technology the automobile industry has made it a lot easier and more comfortable for people to commute from one place to another. Nowadays, vehicles are being manufactured in such a huge quantity that the cost of their production has come down exponentially and hence the cost of the automobiles in the markets has gone down giving a great advantage to the customers. The automobile industry of the United States of America is expanding day by day as companies have started dominating this industry and setting up their manufacturing units in the country.
Ezine Article: Technological Advancements in the Automobile Industry of the US http://ezinearticles.com/?id=2629310
Kinetic Die Casting manufactures aluminum die castings creating aluminum die casting boxes, aluminum handle hardware, and aerospace die casting. If you would like to get a quote, please visit our website: Kinetic Die Casting Company
Compass Automotive Group Acquires Aluminum Die Casting and Machining Business from Citation Corporation
FRANKLIN, Ind.–(BUSINESS WIRE)–Compass Automotive Group, Inc, a leading provider of aluminum and magnesium component solutions to car makers and Tier I automotive suppliers, today announced that it has acquired the aluminum die casting and machining operations of Citation Corporation (“Citation”), a full-service supplier of metal components to the transportation and industrial industries. Compass will absorb the Citation business, located in Grand Rapids and Lowell, Michigan, into its current die cast operations, which produce highly engineered aluminum and magnesium components utilized in steering, engine, and safety systems for nearly every automaker in North America. Terms of the transaction were not disclosed.
Compass, a portfolio company of Monomoy Capital Partners, L.P., operates a broad automotive platform that manufactures safety-critical aluminum and magnesium automotive components utilizing high pressure die casting, squeeze casting, and a proprietary VRC/PRC casting process. Compass’s principal customers include Asian, European, and North American OEM’s, as well as major Tier 1 suppliers.
“With efficient casting equipment and in-house machining capability, Citation’s operations are a great complement to the Compass platform,” said Jim Squatrito, CEO of Compass Automotive Group. “Despite its current turmoil, the auto industry is here to stay, and Compass will continue to seek additional market share and assets as the automotive supply chain continues to consolidate. The acquisition of these Citation facilities extends our operations into machining and greatly expands our offering of high-quality and cost-effective components to the industry.”
“The Citation acquisition is an important further step in building a strong Monomoy platform in the safety critical automotive components manufacturing space,” said Justin Hillenbrand, a Monomoy partner. “The Grand Rapids and Lowell facilities are valuable assets that will strengthen Compass in the short term and position the Company to grow as the economy stabilizes. Compass remains a financially stable business in a very difficult industry, and Monomoy continues to review a compelling set of acquisition opportunities in the automotive supply chain that can add value and breadth to the Compass business platform.”
About Compass Automotive Group, LLC
Compass Automotive Group, LLC is a leading provider of engineered component solutions to OEM’s and Tier I automotive suppliers. It was formed in July 2007 by Monomoy Capital Partners, L.P. to consolidate safety critical component manufacturers in the automotive supply chain. Compass is the corporate parent of Casting Technologies Company, a casting manufacturer utilizing proprietary squeeze casting and VRC/PRC processes to produce safety critical, premium grade aluminum suspension components, cross-members and compressor scrolls; Magnesium Aluminum Corporation, a die cast manufacturer of aluminum and magnesium steering wheels, steering components, and airbag enclosures; and SRC, the leading North American manufacturer of magnesium flux, a refining agent used in the production of industrial aluminum and magnesium. Compass employs more than 600 team members in Detroit and Fruitport, Michigan; Franklin, Indiana; Cleveland, Ohio; Matamoras and Chihuahua, Mexico; and produces parts for cars, motorcycles and light trucks sold in North America, Europe and Asia.
About Monomoy Capital Partners, L.P.
Monomoy Capital Partners, L.P. is a $280 million private equity fund that makes controlling investments in middle market companies that require operational or financial restructuring. Monomoy targets fundamentally sound businesses with revenues of less than $300 million and acquires businesses through bankruptcy proceedings, out-of-court restructurings, corporate divestitures and other complex transactions. The Fund has completed 21 transactions over the past 36 months in the smaller end of the middle market and currently owns 11 platform business that collectively employ more than 9,000 people. For additional information on Monomoy and its portfolio companies, please visit www.mcpfunds.com.
Kinetic Die Casting Company can manufacture aluminum car parts, aluminum hardware, and Aluminum Lighting Partsaluminum lighting parts
Contech may sell 6 Diecasting Plants to Revstone
The US federal bankruptcy court overseeing the reorganization of Contech LLC. is studying a petition to sell the group’s six metalcasting operations to a private-equity group, Revstone Industries LLC.
According to reports, Revstone has offered a reported US$14 million for the operations. The offer is the only bid exceeding the plants’ liquidation value.
Since March, Michigan-based Contech LLC has been seeking for buyers for its six diecasting plants in the country. It filed for bankruptcy protection in January in Detroit after it had been acquired in 2007 by Marathon Asset Management LLC. It produces and machines aluminum and magnesium diecastings, steel forgings, and fabricates tubular steel products and has nine US plants. The six casting facilities are in Michigan, Indiana and Tennessee.
Contech also is looking to divest Contech Operating UK Ltd, in Welshpool, Wales, to Hicorp Ltd for about US$4 million. The Chapter 11 bankruptcy filing does not cover Contech UK.
Kinetic Die Casting manufactures aluminum military parts, aluminum hardware, and aluminum die castings. Visit our website for a quote: Kinetic Die Casting Company
Ford UAW Expected to Reduce Hourly Rates
Ford’s UAW Expected to Reduce Hourly Rates, Benefits to Compete with Foreign Automakers
UAW members at Ford Motor Co. have ratified modifications to the UAW Ford 2007 labor agreement. Fifty-nine percent of production workers and 58 percent of skilled-trades workers voted for the agreement in balloting that took place at UAW Ford locations throughout the U.S.
According to Ford company officials March 11, these approved concessions are expected to lower the hourly wage rate at Ford to $55/hour in 2009, including benefits, pensions and bonuses. According to company estimates from December, foreign competitors’ hourly rates in the U.S. were around $48-49/hour and are expected to rise in the future. Company officials stated that they expect to be in parity with the competitor’s rates within a couple of years.
The concessions in the ratified agreement are expected to save Ford $500 million annually beginning in 2010, and will save about three-fourths of that in the remainder of 2009. Half of those savings will come directly from the cut in bonuses and benefits. Ford will also be offering revised buyout options, from April 11 to May 22, to all hourly employees, except for certain highly skilled positions.
These modifications will help Ford remain on track to deliver their key business and financial goals over the next few years, according to company officials.
Types of aluminum die casting parts
Types of aluminum die casting parts. Companies engaged in aluminum die casting will generally use four major parts in their metalworking process. These parts are the vital components in the process of using very high pressure to force the molten aluminum into a steel mold that is reusable for many times. This multiple usage of the steel mold enables the mass-production of important parts for commercial, industrial and consumer products.
The most basic of all aluminum die casting parts is the single-cavity mold. It is a one-dimensional mold and is utilized to produce just a single component. Frequently, the single-cavity die is employed in products with sophisticated shapes or in medium to large sized products.
Another aluminum die casting part is the multiple-cavity mold used to manufacture several identical parts. Using multi-cavity molds contributes to production efficiency as many parts could be manufactured in one casting.
Aluminum die casting manufacturers likewise use unit dies which works almost similar to the single-cavity mold. Casting with a unit die turns out different parts one at a time and would be ideal for components that require some special attention, such as strength and non-porosity. Finally, a combination die may also be utilized in aluminum die casting, which as its name suggests puts together several die casting parts in one assembly.
COAST DIE CASTING COMPANY
July 3rd, 2009 Richard White agreed to sell Coast Die Casting Company to Kinetic Die Casting Company. The economy has hurt the operations of Coast Die Casting severely to the point that Coast was unable to fill their open purchase orders. The owner of Coast Die Casting Company felt it was a good time to retire so he closed down his die casting operations. The customers of Coast Die Cast company are getting their parts again from a good source.
Kinetic Die Casting manufactures a lot of aluminum rooftile plates , trim tile molds, and military die casting. If you would like a quote, please visit our website: Kinetic Die Casting Company
