Diecaster Ryobi increases North American presence with expansion into Mexico.Ryobi Ltd., Hiroshima, Japan, announced it will establish a new, $44 million diecasting production site in Mexico in order to increase production capacity, in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . In addition to plants in Japan, Europe and China, the company currently operates Ryobi Die Casting die casting Forming metal objects by injecting molten metal under pressure into dies or molds. An early and important use of the technique was in the Linotype machine (1884), but the mass-production automobile assembly line gave die casting its real impetus. Inc., Shelbyville, Ind., to serve its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. customers. The Shelbyville plant includes a machining facility and encompasses 560,000 sq. ft. of manufacturing space. As a tier one supplier to the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. , the metalcaster produces high-pressure aluminum die castings, including transmission cases, housings, and engine and structural parts. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a press release, officials for the company believe that increased demand warrants the decision to establish an outpost in Mexico in addition to the U.S. plant. The new company will be known as Ryobi Die Casting Mexico S.R.L. de C.V and will be located in Guanjuato. Ryobi Ltd. plans a total investment of $44 million to establish the 140,000-sq. ft. facility. The company says the location will be operational in Oct. 2008, and employ about 110. Ryobi's U.S. location has been manufacturing diecasting products since 1985. Its annual sales were $159 million in FY 2005, and it employs approximately 630. |
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