Castalloy Wins Proton Contract, Loses Daewoo.Castalloy, Ltd., (Ion, Ltd.), Adelaide, Australia, has won a contract to develop and supply cylinder heads to Malaysian car maker Proton. The foundry A semiconductor manufacturer that makes chips for third parties. It may be a large chip maker that sells its excess manufacturing capacity or one that makes chips exclusively for other companies. will supply Proton with 75,000 cast aluminum cylinder heads/year for Proton's new 1 6-L four cylinder engine (Paper Making) a machine in which a cylinder takes up the pulp and delivers it in a continuous sheet to the dryers. See also: Cylinder . In other news, Castalloy has cut back on cylinder head exports to Asia's Holden Holden, town (1990 pop. 14,628), Worcester co., central Mass., a residential suburb of Worcester; settled 1723, set off and inc. 1741. Manufactures include electrical and metal products, plastics, and machinery. Engine Co., as Holden was forced to suspend its supply of engines to Korean car maker Daewoo, which earlier filed for bankruptcy. Due to this reduction, Castalloy's supply of cylinder heads had been reduced from 1400/day to 900/day, resulting in the layoff Layoff 1. When a company eliminates jobs regardless of how good the employees' performance. 2. A risk reduction, made by investment bankers, that minimizes the potential downside associated with a commitment to purchase and sell a stock issue unsubscribed by stockholders holding of 100. |
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