Wisconsin Diecaster Announces $14 Million Expansion
August 17, 2015
In August, Allcast LLC, Allenton, Wis., has announced plans for a $14-million investment to its diecasting facility that may produce as many as 88 jobs. Plans for the expansion include adding a total of 29,000 sq. ft. in manufacturing space, including 14,000 sq. ft. to the casting facility. The upgrades to Allcast’s diecasting operation are expected to be complete in October.
Company officials cited the company's long-term relationship with LED manufacturer Cree Inc., who has a factory in the area, played a pivotal role in the expansion. Cree's outdoor lighting fixtures use high-pressure aluminum die castings from Allcast.
"We feel pretty blessed here that we've been on the ground floor of this lighting revolution that's taking place, and it certainly has been contributing to our growth and our need to continue to expand our facilities here," Mark Magnarini, president and chief executive, Allcast, told the Milwaukee Journal Sentinel.
The Wisconsin Economic Development Corp. has approved up to $350,000 in credits over four years, if the company meets job creation and wage requirements. Allcast, a subsidiary of Aavid Thermalloy, Laconia, N.H., currently employs 175 people, which is more than double the number from three years ago.
Reshoring and increased demand for lightweight aluminum die castings have meant a strong rebound for Allcast in the wake of last decade’s recession.
"Work is coming back in droves, back to the U.S.," he said. "The original equipment manufacturers, and the end users of these castings don't want to procure these parts out of Asia. They want North American suppliers."