According to a news release, the company has laid the groundwork for employee ownership with an employee stock ownership program. By doing that, the company will assure the ownership is remaining local.

BENTELER Automotive Farsund’s casting business consists of a highly automated aluminum foundry in Farsund, Norway, designing and producing lightweight aluminum structural castings.

The funds will help Dynacast fill 10 jobs within the next two years.

AB&I Foundry is a U.S. manufacturer of cast iron soil pipe and fittings for storm and sanitary plumbing systems.

The value of the contract amounts to a total of around $300 million over five years.

VanKirk, who was the CEO of Progressive Foundry, was a prominent member of his community.

The facility laid off almost all of its 221 employees in late June when the previous owner entered foreclosure. Some assets were purchased in July by Faircast, and production restarted in July.

The project would add up to 20 jobs by 2020.

Installation of the new system started during their summer shutdown which began on July 24th. The new closed loop cooling system is expected to be more efficient and also reduce maintenance costs while eliminating unnecessary downtime.

The plant is expected to be completed by the fall of 2018 and will take the place of a facility in East Jordan, Michigan.