Four scrap-melting Grede iron foundries will supply parts to vehicle manufacturer.
Grede Holdings LLC has secured contracts for about $150 of content per vehicle with various tier 1 suppliers for General Motors’ upcoming K2XX truck platform. Grede will supply parts made in its iron foundries for the K2XX platform, which includes the Chevy Silverado, Tahoe and Suburban, the GMC Sierra and Yukon and the Cadillac Escalade.
Grede will produce several components—including brake calipers, control arms and differential carriers and cases—at its foundries in Wisconsin, Virginia, Minnesota, Alabama and Mexico. As of 2010, Grede foundries had 600,000 tons of iron-making capacity, with scrap as its key feedstock. (A 2010 Recycling Today profile of Grede Holdings can be found here.)
The iron components will be sent to various tier 1 suppliers in North America, who will assemble them into components and systems for GM. The K2XX truck platform will be assembled by GM at plants in Indiana, Michigan, Texas and Mexico, with volumes approaching one million trucks per year.
“We are very excited about expanding our relationship with General Motors and the tier 1 suppliers for this platform, which is one of the top selling in North America year-in-and-year-out,” says Tony Lovell, vice president of global sales and marketing at Grede. “We have a long-standing relationship with General Motors and supplied similar content on the predecessor T900 platform.”
Grede Holdings LLC produces ductile, gray and specialty iron castings at 17 foundries and four machining operations in North America that serve the transportation and industrial markets globally.