10/19/2012 9:39:00 AM
MacLean-Fogg’s Metform Breaking Ground for Machined Component Plant
Metform will break ground, for a 92,000 sq ft machined component facility in Savanna, IL, which will create 50 jobs when it opens in 2013.
Duncan MacLean, president of MacLean-Fogg Component Solutions said the October 24, 2012, groundbreaking is for a $30 million investment which “will create more than 50 new jobs within the next two years while strengthening Metform’s position in the driveline component forging and machining market.”
Groundbreaking guests include local business leaders and civic officials and Rep. Bobby Schilling and Rep. Aaron Schock.
The new MFCS state-of-the-art machining factory will be adjacent to the existing Metform hot forming plant on Route 84 in Savanna.
“Our entire organization is energized by this business and facility expansion,” Metform general manager Matthias Praus noted. “It is positive for the Savanna community and it is very exciting for our business since this new facility will house MacLean-Fogg Component Solutions’ new ZF/Chrysler Transmission Gear Blank Program.”
Metform has three Illinois locations: two in Savanna and one in Mt. Carroll.
Metform has 10 Hatebur hot forging presses to supply automotive, heavy duty, agriculture and industrial markets. Metform’s brands in the heavy-truck 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. Industrial products include fluid couplings, structural fasteners and fastening systems for the railroad and mining industries.
MacLean-Fogg Component Solutions is a division of Mundelein, IL-based MacLean-Fogg Company and supplies fastener components, engineered components, and linkage and suspension components to a wide-range of industries.
MacLean-Fogg, headed by CEO Barry MacLean, has 26 North American manufacturing facilities, 11 international facilities, annual sales of $900+ million, and more than 3,000 employees worldwide.
Founded in 1925 by John MacLean Sr. and Jack Fogg, today’s MacLean-Fogg 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. Web: maclean-fogg.com ©2012 GlobalFastenerNews.com
For the MacLean-Fogg story, go to the Fastener History section of GlobalFastenerNews.com and click on 2010: MacLean-Fogg Marks 85th Anniversary
Related Stories:
• Fastener Investments Paying Off at Stanley Black & Decker
• Nucor Fastener Segment Sales Show Gains
Related Links:
Share: