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Bedford Heights' American Spring Wire Corp. had a dilemma: Faced with the uncertain future of the steel industry, the alloy wire manufacturer could either play wait-and-see, or take an active role in their future.
Timothy Selhorst, president and CEO of the 38-year-old company, chose the latter. Late last year, he announced plans to invest more than $12 million in capital improvements over the next 15 months to improve its tooling and die making, surface shaving and equipment to improve efficiencies.
American Spring Wire makes wires for parts that end up in automotive engines and springs used by automakers BMW, Volkswagen, Rolls Royce and …
Source: HighBeam Research, Spring forward: American spring wire invested in capital improvements...