Gibbs Chooses Hungary as Site for New Plant. (Industry News).Gibbs 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. Corp., Henderson, Kentucky Henderson is a city located in Henderson County, along the Ohio River in Western Kentucky. It was called "Red Banks" by the native Americans who originally lived and hunted there because of the reddish clay soil on the banks of the river. , will build a diecasting plant in Retsag, Hungary. The foundry is being built to meet the diecasting needs of European subsidiaries of Gibbs U.S. automotive customers. Production of aluminum and magnesium castings is scheduled to begin in 2003. The plant, which is expected to cost more than $10 million to build will employ 60 people: Equipment will include two 850-ton diecasting presses, Two additional presses will be installed when needed. Gibbs bought 2.7 acres in Retsag in March. Construction is scheduled to begin in 2002. The facility will be called Gibbs-Hungary Die Casting Kft. This completes Gibbs plan to have facilities on four continents. In 1999, Gibbs expanded into the southwestern U.S. with Gibbs-Texas and into Asia with Gibbs-Korea. In 2000, Gibbs established a plant in South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. with Gibbs-Brazil. Gibbs specializes in manufacturing air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. compressor components and stator stator: see generator; motor, electric. castings for automatic transmission torque convertors. |
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