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Metlcast Manufacturing acquires Southpac Metals Manufacturing foundry. (Around the World).


In Melbourne, Australia, Metlcast Manufacturing Pty, Ltd., has acquired Southpac Metals Manufacturing Pty, Ltd.'s Horsham 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. . Southpac, a cast iron foundry which had been operating since the early 1870s, was liquidated DAMAGES, LIQUIDATED, contracts. When the parties to a contract stipulate for the payment of a certain sum, as a satisfaction fixed and agreed upon by them, for the not doing of certain things particularly mentioned in the agreement, the sum so fixed upon is called liquidated damages. (q.v.  in October 2000.

"Metlcast is the right buyer," said Mark Mentha Mentha

genus of herbs in family Lamiaceae; unidentified toxin; clinical signs include incoordination, diarrhea; with some plants abortion and photosensitization also recorded; includes M. australis (native mint), M. longifolia (horse mint), M.
, liquidator Liquidator

Person appointed by an unsecured creditor in the United Kingdom to oversee the sale of an insolvent firm's assets and the repayment of its debts.
 of Southpac Metals Manufacturing. "They have acquired the business and will offer ongoing employment to the existing employees."

The sale of the Horsham foundry has secured the jobs of its 40 employees.
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Comment:Metlcast Manufacturing acquires Southpac Metals Manufacturing foundry. (Around the World).
Publication:Modern Casting
Article Type:Brief Article
Geographic Code:1USA
Date:Jul 1, 2002
Words:76
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