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New Tool Coater Serving Dayton, OH, Market

Wednesday, November 27, 2002
 
Dayton Coating Technologies (DCT), LLC, Dayton, OH, opened for business this past summer to serve the local market of 600 tool-and-die shops with tool-coating services. The firm provides hardened finishes to cutting tools, stamping dies and mold tooling. Owners George Korenyi-Both and Jeffrey Tomczak were previously product engineers at the former Dayton Thermal Products plant of DaimlerChrysler AG. DCT offers vacuum hard-coating products applied using cathodic-arc physical-vapor deposition. Coatings are single- or multiple-layer TiN, TiAlN, CrN, ZrN, TiCN and Cr. Learn more about the firm at www.webdct.com.
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GM Consolidating its Tooling Operations

Wednesday, November 27, 2002
 
General Motors has begun to combine its tool-center operations in Grand Blanc, MI, announcing plans to close its tool centers in Lansing and Pontiac, MI, and in Mansfield, OH. The tool centers build welding tools for GM assembly and metal-stamping plants. The firm plans to relocate employees early in 2003 and to open the revamped Grand Blanc tool center, after spending $20 million to refurbish and expand the facility, by the end of 2003. Its workforce is expected to grow from 170 to 600.
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PTCAlliance Shareholders OK Restructuring

Tuesday, November 26, 2002
 
Shareholders of PTCAlliance, Pittsburgh, PA, a producer of welded and cold-drawn mechanical steel tubing and related products, have approved a recapitalization to increase equity and reduce outstanding debt. Also, the company completed restructuring of its bank debt and transfer of equity to secured lenders. “Throughout the restructuring process, our goal was to preserve our market leadership and the continuity of our strategy, and we’ve succeeded in those areas,” said Peter Whiting, PTCAlliance president and CEO. “Now we can move full-speed ahead in expanding to meet our customers’ requirements and improve service levels as the economy recovers.” He also said the restructuring increases the company’s ability to maneuver in the competitive environment of the steel-tubing industry. For more on PTCAlliance, visit www.ptcalliance.com.
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