Sibley Foundry saved from closure.After an April announcement that Sibley 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. , South Bend South Bend, city (1990 pop. 105,511), seat of St. Joseph co., N Ind., on the great south bend of the St. Joseph River, in a farming and mint-growing region; inc. as a city 1865. , Ind IND Investigational new drug Therapeutics A status assigned by the FDA to a drug before allowing its use in humans, exempting it from premarketing approval requirements so that experimental clinical trials may be conducted. See Phase 1.2, 3 studies, Sponsorship. ., would close, the facility has been saved thanks to new ownership. A group of private investors purchased Sibley's metalcasting facility in July after an outstanding tax bill would have forced the closure of the plant this year. Sal Detraglia assumed the position of acting president, and Sibley's former co-owner, Bill Voll, is the vice president of sales. The 130-year-old casting company will continue to serve its customers in numerous industries, such as agriculture and construction. The 45 employees who work in the 167,000 sq.-ft. green sand ferrous ferrous (fĕr`əs), iron in the +2 valence state. Containing or having to do with iron. The difference between ferrous and ferric is the number of valence electrons they contain (ferrous contains two and ferric contains three), which metalcasting facility will be retained. Voll and his wife, Ann, still own the Sibley Machine Shop operations. |
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