PCC Operating Unit to Build Foundry in Hungary.Advanced Forming Technology (AFT), Longmont, Colorado The City of Longmont is a home rule municipality located in Boulder County and Weld County, Colorado, United States. Longmont is the 13th most populous city in the State of Colorado. The word "Longmont" comes from Longs Peak, a prominent mountain named for explorer Stephen H. , plans to build a 30,000-sq-ft-manufacturing facility in Retsag, Hungary. The new facility will serve as the center for growth of AFT's metal-injection-molding component manufacturing in Europe. Construction is scheduled to begin in June and completed by November. The first shipment of parts could be in early 2002. AFT is an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of Precision Castparts Corn., Portland, Oregon, which plans to initially invest $3 million in the facility, followed by an additional $7 million as expected demand develops. "Hungary has a well-developed infrastructure, with strong electronics and automotive industries. The country offers the technical and management talent that is critical to our success," said William C. McCormick, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Precision Castparts Corn. "In addition, with Hungary's strategic location and its entry into the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community , we will be positioned to make inroads inroads Noun, pl make inroads into to start affecting or reducing: my gambling has made great inroads into my savings inroads npl to make inroads into [+ quickly to ensure our growth." Precision Castparts Corp. is a world-wide manufacturer of complex metal components and products. It manufactures large, complex structural investment castings, airfoil castings and forged components used in jet engines. |
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