Wescast expands Ontario stainless facility

Wescast Industries Inc will further expand the capacity of its stainless steel facility in Stratford, Ontario, more than doubling its previous commitment. The additional capital investment comes as a result of a number of production orders recently received. The orders are for engine components that use the unique manufacturing technology utilized at that facility. The investment will be financed via operating cash flows. This investment coincides with the company’s recent announcement to expand their stainless steel capability in China and Europe in order to provide customers with solutions in multiple alloys in all geographic regions. Work will commence shortly to meet production requirements that begin in early 2012

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