Industry News

Grede sold by AAM

AFS Corporate Member American Axle & Manufacturing Holdings (Detroit) announced it has entered into a definitive agreement to sell Grede, its U.S. iron casting operations, to funds managed by Gamut Capital Management for $245 million.

The sale is the latest change for Grede, which was acquired by AAM in 2017 when it purchased Metaldyne Performance Group for $3.3 billion.

Tesla files patent to die cast vehicle frame

Tesla filed a patent for a casting machine that could help streamline production for future vehicle projects. The diecasting machine is likely to be part of several manufacturing improvements for its Model Y program.

CEO Elon Musk has said Tesla is shifting to an aluminum casting design instead of stamped steel for the Model Y.

Tesla’s patent is for a “Multi-Directional Unibody Casting Machine for a Vehicle Frame and Associated Methods.”

Lodge acquires FINEX Cast Iron

For the first time in its 123-year history, AFS Corporate Member Lodge Cast Iron (South Pittsburg, Tennessee) has made an acquisition.

Lodge announced it is purchasing FINEX Cast Iron, a producer of skillets, pans and ovens. Lodge is shifting FINEX production to South Pittsburg, though FINEX will keep its sales and marketing base in Portland, Oregon. The FINEX brand will remain.

Skuld wins thin-walled ductile iron grant

Skuld LLC (Columbus, Ohio) received a Small Business Innovative Research grant from the Department of Energy (DOE). The grant will be used to show going to 0.060-in. thick ductile iron can be done without negatively impacting automobile properties.

Skuld’s most recent trials reduced the weight of designs by 70% and material costs by 40%.  This is of interest to the DOE due to increasing fuel efficiency standards. 

UNI hosts 3D printing camp for kids

The University of Northern Iowa’s Additive Manufacturing Center, located at TechWorks (Waterloo, Iowa) hosted a three-day camp for Cedar Valley students interested in STEM.

Focusing on a “Jurassic Park” dinosaur theme, Panther Park 3D was one of many camps offered by the STEM program at UNI and granted students the opportunity to broaden and develop their STEM interests and skills with an immersive 3D printing and design experience involving dinosaurs.