News

Grede, Georg Fischer Establish Global Partnership.

Issued at 2011-12-12



Grede Holdings LLC, Southfield, Mich., and Georg Fischer, Schaffhausen, Switzerland, have announced a material licensing arrangement and mutual manufacturing agreement.

According to a joint statement, the companies have agreed to manufacture components to serve one another’s customers in their main areas of operation. Grede will manufacture components on behalf of Georg Fischer in the U.S., and Georg Fischer will do the same on behalf of Grede in Europe and Asia.

The companies also have signed a license and partnership agreement by which Georg Fischer will grant Grede the right to use its proprietary SiboDur iron alloy in the U.S. According to the statement, SiboDur allows for lighter chassis parts that can compete with aluminum in terms of weight and performance.

“Whilst fostering the penetration of our SiboDur alloy in the U.S., this agreement enables both our companies to better serve the global platform needs of our respective customers,” said Josef Edbauer, head of Georg Fischer Automotive.

Georg Fischer operates three businesses: GF Piping Systems, GF Automotive and GF AgieCharmilles. The company has 130 operations, 50 of them production facilities, in 30 countries. Its approximately 13,000 employees generated sales of $3.8 billion in 2010. Grede has annual revenues approaching $1 billion, generated by 5,000 employees in 16 ferrous casting facilities and four machining operations. 


Source: Modern Casting



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