MUNDELEIN, Ill., Sept. 28, 2012 /PRNewswire/ -- Duncan MacLean, President of MacLean-Fogg Component Solutions, announced the ground-breaking of an 86,000 square foot precision component machining facility at its Metform location in Savanna, Illinois. According to Mr. MacLean, "This investment will enable Metform to significantly expand its already strong position in the driveline component forging and machining market."
"This investment in infrastructure, machinery and equipment is expected to top $30 million and create more than 50 new jobs within the next 2 years," explained Matthias Praus, Vice President and General Manager at Metform.
With 10 Hatebur hot forging presses, Metform is one of North America's leading horizontal hot forging companies. Metform is a supplier to the automotive, heavy duty, and agriculture industries. Metform's well-known product brands in the heavy-duty industry include Securex and Axilok truck fasteners. Engineered components include gear blanks, bearing races, industrial hot-formed components and wind power components. Linkage and suspension components include suspension ball joint housings.
Construction will begin this month on the new state-of-the-art machining factory adjacent to the existing hot forming plant on Route 84 in Savanna, Illinois. Operations are expected to commence in the first quarter of 2013.Metform has three Illinois locations: two in Savanna and one in Mt. Carroll.
MacLean-Fogg Component Solutions is a division of the MacLean-Fogg Company and supplies fastener components, engineered components, and linkage and suspension components to a wide-range of industries.
MacLean-Fogg Company is a global enterprise with 26 North American manufacturing facilities, 11 international facilities, annual sales of $900+ million, and a worldwide workforce of more than 3,000 people. The MacLean-Fogg Company provides engineered metal and plastic components to the industrial, automotive, military and aerospace markets, and unique devices used in the transmission and distribution of electrical power.
SOURCE MacLean-Fogg Company