News
USA - Anderson Global declared a subsidiary of Wisconsin Aluminium Foundry
Tweet
The acquisition intent of Wisconsin Aluminium Foundry is foremost to accelerate its internal capabilities alongside the other foundry facilities that are currently operating in North America. This shall further generate job opportunities and make further investments in advanced technologies and equipment to make the process of each foundry streamlined.
With over 40 years in the world of foundry, Anderson Global have successfully accumulated more than 50 journeymen machinists, superlative engineering talent and advanced machinery that help in producing high-precision and complex tooling. Combined efforts of both the acquiring and acquired organisations shall support in delivering the highest quality of machinery and tools, enhancing American manufacturing.
Some of the other strategic expansions undertaken by the Wisconsin Aluminium Foundry include remodelling them with a total investment of USD 11 million in the New Markets Tax Credit for completion of the project. This investment would be pooled in from a US-based nonprofit organisation, Cinnaire.
Anderson Global shall continue to operate as one of the standalone subsidiaries of Wisconsin Aluminium Foundry, with all its 80 employees retaining their positions but under the ownership of the newly formed parent company.
Source: alcircle.com
Tweet
Related News
- Stay Ahead in Nonferrous and Lightweight. Follow Diecasting & Nonferrous China 2026
- European Foundry Industry in Transition – New Opportunities Through the Defense Sector
- Global pig iron production fell by 4.4% y/y in October
- India sharply increased iron ore imports by more than 200% y/y in January-October
- EU plans to limit exports of aluminium scrap
- Calderys Group celebrates 160 years of innovation and industrial excellence
- Foundries in Transition: Why Humanoid Robots Are Now in Demand
- Iron ore exports from Brazil increased by 5.7% y/y in January-October
- See all News
