Shares of Hitachi Metals have fallen 5.3% in Japanese trading this year, valuing the company at about $6.1 billion. All of these parts will be consolidated at other Waupaca Foundry locations in Tennessee, Indiana, and Wisconsin. Waupaca Foundry then partnered with Hoosier Pattern to create a 3D sand printing of the mold for Waupaca . The Japanese steelmaker bought Waupaca in 2014 for about $1.3 billion in cash from KPS Capital Partners LP, which had acquired the business two years earlier from Thyssenkrupp AG. Copyright 2021 Nexstar Inc. All rights reserved. By WaupacaNow. (WFRV) – The Waupaca Foundry is a well-known part of the community. Our company is the world's largest manufacturer of grey iron, ductile iron, compacted graphite, austempered and high-strength ductile iron castings. Aug 19, 2014 KPS Capital Partners to Sell Waupaca Foundry to Hitachi Metals for … Waupaca Foundry Inc., headquartered in Waupaca, Wisconsin, produces iron castings largely from scrap metal for use in the transportation, construction, agriculture and industrial markets. We deliver on our daily commitment to quality and true capacity. They are the largest producer of gray, ductile, austempered ductile, and compacted graphite iron in the world, melting more than 9,500 tons a day. Browse your newsfeed, like and comment on posts, and even take notes on documents. Explore other functionality of the app, including the ability to: • Receive alerts regarding recent news, weather alerts… (Updates share price of Hitachi Metals in sixth paragraph. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. This material may not be published, broadcast, rewritten, or redistributed. LAWRENCEVILLE, Pa. (WETM) – Waupaca Foundry will close its ductile iron foundry in Lawrenceville, Pennsylvania in early August 2020 as “a result of capacity that exceeds demand in the supply chain,” according to a statement from the company. Waupaca operates seven iron foundries with 1.5 million tons of capacity, as well as three machining and casting finishing operations in the United States. The new Waupaca Foundry machining plant is located at 600 Industrial Drive, Waupaca, Wis., and will machine brake components for the commercial vehicle market. It has operations in Pennsylvania, Wisconsin, Tennessee and Indiana, according to the company’s website . June 2019 Foundry of the Week: Waupaca Foundry. At Waupaca Foundry, capacity is … The plant’s location results in increased logistics costs in our customers’ supply chain. Hitachi Metals Said to Mull $1 Billion Waupaca Foundry Sale. ETOWA - Waupaca Foundry, a Hitachi Metals company, recently awarded $36,000 in scholarships across the U.S. and $9,000 to Tennessee Valley area graduating high school seniors. Our hope is any downturn in manufacturing will be short-lived, but any recovery will be gradual in scope. Deliberations are at an early stage and may not lead to a transaction, the people said. We understand this is unfortunate for our team members at the Lawrenceville plant. The timing of a sale could be impacted by the coronavirus, which is hampering travel, business meetings and investor confidence. Retired foundry executive featured in Badger Bee. “Our ability to remain flexible in an evolving marketplace will continue to create opportunity for our employees and customers,” he said. MANSFIELD, PA (FNN) -Mansfield Borough Police and Mansfield University Campus Police responded to a two-vehicle accident on Wednesday, according to First News Now. Two are children of Waupaca Foundry employees. Did the pandemic factor into your decision to close? Hitachi Metals’s foundry business has struggled, swinging to an operating loss in the latest financial year. ‎No matter where you are, Waupaca Foundry puts all the information you need at your fingertips. Show full articles without "Continue Reading" button for {0} hours. Nov 10, 2014 KPS Capital Partners Announces Completion of Waupaca Foundry Sale. IOSHA also says Waupaca did … “Waupaca Foundry explored multiple alternatives to closing the plant—none of which were viable,” said Vice President of Operations Rick Sutton. “The global pandemic heightened the need to find solutions to better serve our customers.”. Net income has fallen at Hitachi Metals in the last four financial years, and the company said Jan. 30 that it expects a loss of 47 billion yen ($436 million) in the twelve months through March 2020. Hitachi Metals is talking to advisers about a potential divestment of the Wisconsin-based foundry unit, which could fetch about $1 billion, said the people, who asked not to be identified because the matter is private. Waupaca Foundry operates 35 vertical molding machines nationwide, while both Dotson and Kohler recently installed new horizontal molding capacity. A spokesperson for Hitachi Metals declined to comment. Foundry to utilize in its melt department. Although metal casting is an essential business, many of our customers have realized reduced demand for their products, which affects the supply chain. Waupaca Foundry is an equal opportunity employer.All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, gender identity, sexual orientation, age, status as a protected veteran, among other things, or status as a qualified individual with disability. Waupaca Foundry announced it will close its ductile iron foundry plant in Tioga County, Pennsylvania in early August 2020. The new plant will process iron castings produced at the company’s plants at Waupaca, Wis., about 150 miles away, west of Green Bay. Waupaca Foundry is a proud supplier of iron castings flexing with the demands of the oil and gas industry, both on and off the oil field. Read More. Browse your newsfeed, like and comment on posts, and even take notes on documents. Waupaca Foundry will close its ductile iron foundry in Lawrenceville, Pennsylvania in early August 2020 as "a result of capacity that exceeds demand in the … Follow The Waupaca County Post for news, photos, videos, and more. IOSHA fined the Waupaca Foundry $5,000 and says the company did not maintain reasonably safe conditions for employees. All qualified employees are encouraged to apply for open positions at other Waupaca Foundry facilities and other companies owned by Hitachi Metals group. The car crossed over the double yellow line into the northbound lane and was struck by a Ford F250 on the front end of the passenger side, just north of Millionaire Lane on Route 220. Additionally, forecasts for the rest of the year indicate automakers will have a significant production decrease compared to pre-pandemic levels. Hitachi Ltd. owns about 53% of Hitachi Metals, according to data compiled by Bloomberg. Hitachi Metals Ltd., the specialty steel producer mostly owned by Japanese conglomerate Hitachi Ltd., is exploring a sale of U.S.-based unit Waupaca Foundry Inc., people familiar with the … “It’s critical that we stay in front of changing market conditions and customer demand for long-term sustainability,” Waupaca Foundry President, COO and CEO Mike Nikolai said. We will provide relocation benefits for people who accept positions outside of Pennsylvania. • Learn More . Waupaca Foundry plant in Tioga County PA to permanently close - WENY News News Established in 1955, Waupaca Foundry produces gray iron, ductile iron, austempered ductile iron, and compacted graphite iron castings, focusing on transportation, construction, agriculture, and industrial markets worldwide. "Waupaca Foundry confirms four employees received non-life threatening injuries during maintenance to its cupola at its Tell City, Indiana iron foundry today. WAUPACA, Wis. (WBAY) - The City of Waupaca plans on making a lot of changes to its downtown in 2021. Welcome to Waupaca Foundry. Jordan Christian Garris, 16, lost control of his vehicle while traveling at a "high rate of speed." (Bloomberg) -- Hitachi Metals Ltd., the specialty steel producer mostly owned by Japanese conglomerate Hitachi Ltd., is exploring a sale of U.S.-based unit Waupaca Foundry Inc., people familiar with the matter said. Our castings are produced using our custom built vertical green sand molding machines and created by a workforce that puts Waupaca Foundry is the leading supplier of cast and machined iron components for the automotive, off-highway, commercial vehicle, and other industrial markets. Under the agreements, Waupaca Foundry customers requesting horizontal molding will access Kohler’s and Dotson’s capabilities with a streamlined supply chain managed by Waupaca Foundry. News Articles Mar 23, 2015 KPS Capital Partners Receives Buyouts' "Deal of the Year" for Waupaca Foundry. Waupaca Foundry – Lawrenceville produces automotive suspension components including steering knuckles, control arms, and brackets for OEMs. Waupaca, WI news, breaking news, sports, and local stories. The facility has 50,000 square feet of manufacturing space and will initially employ 15 skilled workers who lead CNC machining of cast iron components produced at Waupaca Foundry. Waupaca Foundry is the largest producer of gray, ductile, austempered ductile, and compacted graphite iron in the world, melting more than 10,000 tons a day. An internal investigation is underway to determine the cause of the incident. ), To contact the reporters on this story: David Welch in Southfield at dwelch12@bloomberg.net;Manuel Baigorri in Hong Kong at mbaigorri@bloomberg.net, To contact the editors responsible for this story: Fion Li at fli59@bloomberg.net, ;Craig Trudell at ctrudell1@bloomberg.net, Michael Hytha, For more articles like this, please visit us at bloomberg.com, Like us on Facebook to see similar stories, Lawyer for the 'Q Shaman' who stormed the Capitol in a fur headdress with horns says his client feels 'duped' after Trump didn't pardon him, Sure Signs You've Already Had COVID, According to the CDC. (WEHT) – Four employees were injured at Waupaca Foundry Monday morning. Foundry Corporate News - Foundry of the Week 15. What parts does the plant produce and what will happen to them? “We’re getting new curb and gutter, utilities, lights, benches, receptacles, we’re implementing a sidewalk poetry program, we’re doing bike infrastructure, we’re doing murals, public art, flower planters. Waupaca Foundry, Inc., a Hitachi Metals group company with a location in Etowah, is the winner of the 2020 Green Foundry Sustainability Award presented by the America Foundry Society (AFS). (WFIE) - The Indiana Occupational Safety and Health Administration (IOSHA) has fined Waupaca Foundry in Perry County $5,000 after four workers were injured back in February. LOUISVILLE, Ky. (WAVE/WFIE) - Three of four people injured at the Waupaca Foundry in Tell City, Indiana and transported to University Hospital for burns have been released. It has operations in Pennsylvania, Wisconsin, Tennessee and Indiana, according to the company’s website. Both salaried and production team members were notified on May 27 and nearly 150 hourly and 50 salaried positions will be eliminated. Their castings are produced using a vertical green sand molding process and created by a workforce that puts generations of iron casting expertise to work for our customers every day. Company profile page for Waupaca Foundry Inc including stock price, company news, press releases, executives, board members, and contact information Winter outdoor opportunities. Finally, the facility would require a significant investment in advanced manufacturing processes to make it more efficient. 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American manufacturing has been severely impacted by the nation’s virtual shut down. LANSING–Waupaca Foundry, a Hitachi Metals company, this week started operations in Ironwood in the far western Upper Peninsula. Waupaca has about 4,500 employees and is one of the world’s largest iron foundries, making castings for the automotive, construction and oil and gas industries. Serving a variety of businesses from cars to tractors, they make sure everyone has all the parts they need to keep running. Once the mold was sent to Waupaca Foundry, the melt team utilized a small hand ladle to fill the molds with molten gray iron, allowing to … The accident occurred in the area of 91 South Main Street and East Main Street. Featured Waupaca News. Waupaca Foundry has a reputation as solid as the castings we create. December 24, 2020. We take pride in producing best-in-class iron castings. The employees were transported via air and ground to a regional burn center for treatment. Representatives for Waupaca couldn’t be reached for comment. PERRY CO., Ind. ... 14 News … It's National Technology Day which, recognizes the way technology changes the world and looks to the future. Waupaca Foundry, a Hitachi Metals Group company, has a reputation as solid as the castings we create. Media Resources. No matter where you are, Waupaca Foundry puts all the information you need at your fingertips. Hitachi Metals Ltd, the specialty steel producer mostly owned by Japanese conglomerate Hitachi Ltd, is exploring a sale of US-based unit Waupaca Foundry … Waupaca Foundry has entered into separate manufacturing alliances with Dotson Iron Castings (Dotson) and Kohler Industrial Castings (Kohler). Parts produced at the Lawrenceville foundry will move to other Waupaca Foundry plants, and will continue to be machined and assembled at the Effingham, Illinois location. The Lawrenceville plant produces automotive suspension components including steering knuckles, control arms, and brackets for OEMs. TELL CITY, Ind. ULSTER, Pa. (WETM) — A GoFundMe was created to help pay for the funeral of a high school student who passed away Wednesday in a multi-vehicle crash on Route 220 in Ulster Township. Waupaca Foundry sent a statement Tuesday confirming four employees received injuries during maintenance to the iron foundry’s cupola. LAWRENCEVILLE, Pa. (WETM) – UPDATE: Waupaca Foundry President, COO and CEO Mike Nikolai issued the following statements concerning the closing of the Lawrenceville plant; Waupaca Foundry is streamlining our manufacturing footprint to make logistics more efficient for our customers. "Waupaca Foundry confirms four employees received non-life threatening injuries during maintenance to its cupola at its Tell City, Indiana iron foundry today. Waupaca has about 4,500 employees and is one of the world’s largest iron foundries, making castings for the automotive, construction and oil and gas industries. Company officials say the injuries happened during maintenance to a … © 1998 - 2021 Nexstar Inc. | All Rights Reserved. Today is National # PetroleumDay which aims to increase awareness of how this key ingredient is found in things we use every day—including fuel to plastic, fertilizers and pesticides, detergent and makeup, and more. The Waupaca County Post is the leading source of news and information for Waupaca, Weyauwega, Fremont, Iola, Scandinavia, and Manawa. 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