April 19, 2012 by NADCA in Industry News
MassDevelopment has provided a $300,000 manufacturing growth loan to DieCast Connections Company, Inc., a Chicopee manufacturer of permanent mold casting and aluminum and zinc die-casting. The company will use loan proceeds to hire additional employees and purchase equipment and material in support of a new product, thus providing the necessary working capital to support growth. Over the last two years, DieCast has invested in technical advances and engineering software as part of its strategic growth plan. This strategy has generated innovative designs while controlling costs and quality, and the company is now focused on meeting orders that this investment created. The funds from the manufacturing growth loan will support this new production.
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