Thresher Industries Inc. (THRR.PK) Finalizes Acquisition of Die Casting Machines
Source: http://Blog.QualityStocks.net/?p=15186Posted on Tuesday, April 28th, 2009 | In Market Commentary, Small & Micro Cap
Thresher Industries Inc. manufactures precision recycled aluminum and advanced metal matrix composite parts, obtaining, sourcing and processing all of its raw materials from and in the United States. As part of the company’s stated commitment to provide earth friendly manufacturing to a number of industries, Thresher caters to agriculture, aerospace, defense, transportation and automotive companies in the United States and Europe.
The company yesterday announced the completion of its acquisition of two Toshiba 350 ton and one hi-bred 650 ton high pressure die casting machine with a Wazniac high-performance shot end and necessary support equipment, including efficient high volume melt/hold furnaces.
“Thresher’s mission is to create the highest customer satisfaction using the lowest cost of materials and the least environmental impact. Our new machines can produce complex shapes with a high degree of speed, accuracy and repeatability, reducing the time and energy spent on production. A single part can be processed in about 30 to 60 seconds compared to 4 to 5 minutes in perm mold casting. We look forward to passing these savings to our customers and helping them lower their carbon footprint,” Tom Flessner, president and CEO of Thresher, stated.
Flessner continued that through its expansion and acquisition efforts, Thresher plans on securing customers and orders in several different industries.
“As a result of our expanded capabilities, we anticipate to capture new orders in the automotive, electronics and lighting industries, generating additional annual revenues of $15 million,” he stated.
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electronics, energy, Europe, Market Commentary, metal matrix composite parts;, Perm, Small & Micro Cap, Thresher Industries Inc.;, Tom Flessner;, Toshiba, United States, USD
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