Georg Fischer AG is evaluating “all strategic selections” for GF Casting Choices, a gaggle of 13 metalcasting operations in Germany, Austria, Romania, Switzerland, and China that’s doubtless one of many 4 vertical corporations that comprise the worldwide group.
The data emerged within the midst of GF’s announcement of its plan to advertise its GF Machining Choices line to a rival producer of CNC machine devices, United Grinding Group. That sale, at a projected value of $740 million, will depart GF with the foundry and diecasting line, plus GF Developing Transfer Choices and GF Piping Strategies.
In response to Georg Fischer, it is reorganizing its enterprise to concentrate its property throughout the present of “sustainable water and flow into choices, addressing mission-critical choices for industrial flow into processes, sustainable water administration in metropolis areas and vitality effectivity in buildings.”
“As so far, GF continues to adapt its portfolio as a method to ship superior value to all its stakeholders. The take care of Water and Transfer Choices shows the good potential of these markets and the administration place of GF thereof,” primarily based on GF group chairman Yves Serra.
Merely six months prior to now GF Casting Choices devoted to developing a model new high-pressure diecasting operation in Augusta, GA, to start manufacturing by 2027. The reported $184–million operation was launched by the Georgia Division of Monetary Development, which is sponsoring an incentives bundle to the metalcaster estimated at $28 million. The plant will produce strong aluminum parts “with a specific take care of aluminum take care of huge structural elements for the automotive enterprise.”
GF Casting Choices is principally a supplier of automotive castings, producing ferrous parts at crops in japanese Europe, and light-metal diecastings throughout the EU and China. It moreover produces funding castings for the aerospace and industrial gas turbine markets, in Switzerland.
Beneath completely totally different firm identities, GF has had an intermittent presence throughout the North American market over present a very long time. From 2017 until 2022 it was a joint-venture companion with Linamar Corp. in an automotive casting operation in Mills River, NC. That plant produces aluminum and magnesium structural and powertrain castings for automotive and enterprise car purchasers.
Earlier, in 2009, GF closed a nonferrous diecasting operation in Montreal.