Precision Castparts to close unit, take charge


PORTLAND, Ore., Sept 24 (Reuters) - Industrial parts supplier Precision Castparts Corp. said on Tuesday it will exit the automotive machine tool business due to a decline in the machine tool industry. As a result, the company said it would take a $23 million charge before taxes in the current quarter. After taxes, the charge will total about $15 million. The charge will cover costs for the closure of the company's PCC Olofsson facility in Lansing, Michigan, as well as the closure of its ...

Premium Content (PAID Subscription Required)

"Precision Castparts to close unit, take charge" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

Mar 8, 2018

Toyota Camry Hybrid 2.5L Atkinson 4-Cyl. – 2018 Award Acceptance

Masashi Hakariya, project manager-engine development at Toyota, accepts award for Toyota Camry Hybrid at 2018 Wards 10 Best Engines ceremony....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×