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The castings would be made at Grede’se plants in Reedsburg; New Castle, and St. Cloud, Minn. The Wauwatosa-basecd foundry also anticipates finalizinganother $20 millionh in sales to European customers in the comingg weeks. The contracts will represent a significant portionjof Grede’s approximate $500 million annual sales. Bruce Jacobs, Gredse Foundries president and CEO, said the company is experiencinf global increases in raw materials and energ y costs of 40 percent inrecent Meanwhile, domestic demand for foundry products has fallen by 25 “The market is extremely difficult for the foundry industryy as we try to manage volatilw costs and reduced Jacobs said in a press release.
"Thre new Daimler work will help fill open capacity at our plants in Wisconsin, Indiana and and our hope is that additional exportf work fills some of the gaps at our other
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