Metaldyne benefits from fast growth in auto sector
November 7, 2012
Metalldyne LLC based in Plymouth, Michigan, USA, and part of the Carlyle Group, was recently named as one of the top 25 fastest growing businesses in the metro Detroit area by Crain’s Detroit Business. Crain ranked the metal forming company, which includes automotive Powder Metallurgy parts and powder forged connecting rods, No.21 in the list based on revenue growth.
Metaldyne had increased sales from $630 million to over $1 billion in the period 2009 to 2011, an increase of 59%. Metaldyne’s revenue in 2012 is expected to continue growing as the company expands globally. The company currently has operations at 25 locations in 13 countries. It recently relaunched and repositioned its facility in China, and opened a new facility in the Czech Republic.
Metaldyne’s president and CEO Thomas Amato stated that the company had achieved this growth by focusing its product line to support some of the most fuel-efficient automotive engines and transmissions in the market. “The trends towards more sophisticated powertrains require a need for high performance metal-based and noise-vibration-harshness solutions, which is where Metaldyne comes in. Considering the many excellent companies headquartered in the metro Detroit area, we are honoured to be in this group”, stated Amato.
Two of the company’s most successful products are fracture-split powder forged steel connecting rods and sintered main bearing caps. It started manufacturing Powder Forged connecting rods in 1987 and is today the largest producer in the world, manufacturing more than 50 million connecting rods per year.
Higher performance, superior raw material utilization, and lower total cost of the finished machined product are the reasons why Metaldyne’s Powder Forged connecting rods are said to be superior to traditional forged steel or cast iron. A report on the recent developments in materials and mechanical properties of PF con rods made by Metaldyne will be published on www.ipmd.net in the near future.
Sintered main bearing caps were first introduced in 1998 and Metaldyne has manufactured millions of parts across several engine platforms. Material and process development has been focused on providing each application with the best combination of machinability and performance. As a result, two unique material compositions have been developed to meet the demands of these critical components.
Posted by: Paul Whittaker, Editor ipmd.net, [email protected]
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