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ThyssenKrupp Waupaca Inc. will restart its iron foundry in Etowah, TN, early next year, and return 250 employees to work at the operation that was idled at the start of 2010. The ferrous foundry group said the decision demonstrates its commitment to meeting long-term supply agreements with automakers and their suppliers.
The Tennessee plant had produced a wide range of automotive components, but declining demand from the stricken auto industry forced the closing. Now, according to TK Waupaca, its order volume has rebounded due to increased demand and structural capacity adjustments in the industry.
In the fall, a...