As part of the strategic focusing of its portfolio, GF Casting Solutions, a division of GF, is divesting its iron foundry in Herzogenburg (Austria) to MRB FerCon GmbH. The transaction will have a negative one-off effect of CHF 10 million on the operating result in the second half of 2019.
As one of the most influential die casting trade fairs in the world, CHINA DIECASTING & CHINA NONFERROUS 2019 opens its door again to the whole world from July 17 to 19 at Shanghai New International Expo Center, using Hall N1 to N3.
The article series is dedicated to the changes and developments in the aluminum high pressure die casting industry. The first chapter deals with "Internationalization", as one of the four challenges, and its impact on booming new growth markets.
GF Automotive, a division of GF, is to purchase 100% of Precicast Industrial Holding SA, the swiss-based precision casting specialist. This is in line with the division’s strategy to increase its industrial sectors presence, in particular in the promising aerospace field. Upon closing, the division will be renamed GF Casting Solutions.