GISSA to invest $51 million in Mexican iron foundry. (Industry News).Grupo Industrial Saltillo (GISSA), Saltillo, Coahuila This article is about the city in the Mexican state of Coahuila. For other uses, see Saltillo (disambiguation). Saltillo is the capital city of the northeastern Mexican state of Coahuila and the municipal seat of the municipality of the same name. , Mexico, the parent firm of the iron foundry Cifunsa and aluminum foundry Castech, is planning to invest $51 million in a new cast iron foundry in Central Mexico. This location was selected due to the proximity to a large cluster of automobile production facilities. "The new foundry will specialize in nodular nodular marked with, or resembling, nodules. nodular dermatofibrosis see dermatofibrosis. nodular episcleritis see nodular fasciitis (below). nodular fasciitis a firm painless nodular swelling, 0. (ductile ductile /duc·tile/ (duk´til) susceptible of being drawn out without breaking. duc·tile adj. Easily molded or shaped. ductile susceptible of being drawn out without breaking. ) iron for making highly specialized parts, with high added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
The plant is projected to begin operation in the third quarter of 2003 and produce 60,000 tons per year. Cifunsa is the largest independent foundry for gray iron engine blocks and heads in the world. Castech is jointly owned by both GISSA and VAW Automotive Products, Bonn, Germany. |
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