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Article: Metaldyne fails to find buyer for Niles diecasting plant.(North America)
- Article from:
- Modern Casting
- Article date:
- December 1, 2008
CopyrightCOPYRIGHT 2008 American Foundry Society, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Metaldyne Corp., Plymouth, Mich., said it will close its aluminum diecasting plant in Niles, Ill., on March 31, 2009, after failing to find a buyer.
The motor vehicle industry supplier, which was acquired by parent Asahi Tec, Shiuzuoka, Japan, several years ago, has been seeking to divest the metalcasting plant in Niles since discontinuing operations there in July.
"After several months, we were not able to find a buyer for the Niles plant and, given the lower industry volumes, we now need to accelerate the closure ...