HANFORD, CA - Thresher Industries, Inc. announced that the company plans to expand its business through the purchase of high pressure die casting technology.
The company has agreed to purchase two Toshiba 350 ton and one hi-bred 650 ton high pressure die casting machine with a Wazniac high performance shot end and all support equipment including efficient high volume melt / hold furnaces. The new work cells will allow Thresher to offer conventional die castings as well as its metal matrix composite and high ductility aluminum in near net configurations generating a projected increase in annual revenue of approximately $15,000,000.
The high pressure die casting machines are used to produce metal parts for a variety of purposes by injecting molten metal under high velocity into steel molds using extreme pressure after the mold is filled making a high density cast part. Thresher is also introducing a high volume vacuum during the casting operation combined with a superior technology in extending tool life. They can produce complex shapes with a high degree of accuracy and repeatability.
"The purchase of these machines will allow us expand our market and allow us to take on additional orders over the next two years. As we look to 2009, we'll continue to expand our business, increase our client-base and offer a greater variety of products while increasing revenues for the Company," stated Tom Flessner, CEO of Thresher Industries, Inc.