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In this March 31, 2010 Publication:
Pace May Be Adding Jobs
Economist Peter Morici and Trade Policy Expert Richard
McCormack to Speak at Government Affairs Conference
Receiver Hopes to Sell the Company as an
Ongoing Business
Die Casters...Partnering with your Local Tool Builder in a
Continuous Improvement Environment Leads to Success
Pace May Be Adding Jobs
Published: Thursday, March 11, 2010 6:09 AM
A new corporate acquisition by Pace Industries may add more than a dozen jobs at the
Harrison plant.
Pace Industries, North America’s largest custom-aluminum die-casting company, announced
Wednesday their acquisition of the zinc die-casting business of Del Mar Industries, Inc., of
Gardena, Calif.
The acquisition significantly increases the size of Pace Industries’ zinc operations, which
the company conducts in Harrison as well as in St. Paul, Minn. and North Billerica, Mass.
John Scott Bull, director of Marketing for Pace Industries, told ArkansasBusiness.com that the
equipment will be moved to the Harrison facilities and should mean the company will need to
hire “more than a dozen” people.
Pace employs 371 people at its two divisions in Harrison and about 65 in Fayetteville,
according to arkansasbusiness.com. The company operates 13 manufacturing facilities,
including two in Mexico.
Economist Peter Morici and Trade Policy Expert Richard McCormack to Speak at Government Affairs Conference in May
Richard McCormack, trade policy expert, author and editor of Manufacturing & Technology
News, will deliver opening remarks on the state of U.S manufacturing and recent actions
taken by the Obama Administration and Congress to assist the domestic manufacturing base in
these tough economic times at the May Metalcasters Alliance for Government Affairs
Conference. Economist Dr. Peter Morici, professor of International Business at the
University of Maryland, will provide the luncheon keynote address on the economic forecast
for the remainder of the year and into 2011.
The annual conference, cosponsored by the North American Die Casting Association (NADCA) and
American Foundry Society (AFS), will be held May 5-7 at the J.W. Marriott Hotel, Washington.
As a Washington, D.C. based journalist, McCormack has covered science, technology and
government for more than 20 years, specializing in economic competitiveness and
globalization.
This year’s conference will allow AFS and NADCA Corporate Members to bring a colleague from
the same company at a greatly reduced rate. Be sure to make your hotel reservation as the
hotel cut-off date is April 14.
There has never been a more crucial time for the metalcasting industry to unite and bring
its collective legislative input to Washington, D.C. To download the conference program and
register today, go to the NADCA website http://www.diecasting.org/meetings/gab/
Receiver Hopes to Sell the Company as an Ongoing Business
A management specialist for troubled companies has been appointed by a court to take control
of Delaware Machinery and Tool, a longtime metalworking company that is no longer able to
pay its creditors.
The court order also calls for the continued employment of owner Robert Haas Jr. at a salary
of $15,000 a week, while the receiver is expected to be paid between $12,500-$17,500 a week,
in an effort to sell the company while it's still in business.
Delaware Circuit Court 1 Judge Marianne Vorhees named Dennis Kebrdle of Chikol LLC, Granger,
Ind., as receiver, giving him responsibility for selling the company as a "going concern" or
liquidating the company's assets. A "going concern" is a business that is expected to
continue to operate into the foreseeable future.
To view the rest of this article,
click
here.
Die Casters...Partnering with your Local Tool Builder in a Continuous Improvement Environment Leads to Success
Lowering tool cost has been an objective for the die caster to increase
profits since die casting began. This goal sounds great, but it is really somewhat shortsighted. A better goal in the
big picture is to lower the cost of die cast finished goods. Improving tooling to increase productivity and extend tool
life through continuous improvement involvement with the tool builder accomplishes this goal much more effectively than
efforts to buy cheaper tooling. To read more about partnering with your tool builder,
click here to login and read this month’s issue of Die
Casting Engineer.
