Both Amcast and Speedline Optimistic About Recovery
Amcast Corp, the former owner of Italian wheel manufacturer Speedline, is looking forward to achieving economic recovery soon. At the same time Speedlines new owners proved they too are looking forward to a bright future by investing 25 million euros in the modernisation and automisation of Speedline’s production facilities, with a similar amount scheduled for this year.
Amcast sold the European wheel business to Aluminium parts manufacturer Mazzucconi-Gruppe pm 17 March 2003, after it entered Chapter 11 status and had to sell-off some of its assets. Amcast continues to run two wheel factories in the US.