General casting to buy hodge foundry from Metso minerals. (Acquisitions).The General Casting Co., Grafton, Ohio Grafton is a village in Lorain County, Ohio, United States, along the East Branch of the Black River. The population was 2,302 at the 2000 census. It is located close to the Lorain Correctional Institution. , signed a letter of intent in late December to purchase Hodge Foundry, Greenville, Pennsylvania
Hodge Foundry produces castings up to 175,000 lb in gray and ductile iron Ductile iron, also called ductile cast iron or nodular cast iron, is a type of cast iron invented in 1943 by Keith Millis[1]. While most varieties of cast iron are brittle, ductile iron is much more ductile, as the name implies. and has annual volumes of 18,000 tons. Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the 90-employee operation were $14.4 million in 2000. Hodge Foundry was one of the planned divestitures Metso Minerals announced after acquiring Svedala Industri AB in September 2001. |
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