Thresher Industries, Inc. (THRR.PK) is focused on providing aluminum and metal matrix composite alloy castings. The company offers a full range of casting capabilities, from prototypes or low volume casting to permanent mold, low pressure and high pressure castings, as well as full engineering, metallurgical and sales support. Thresher Industries acknowledges the need for nearby manufacturing sites and intends to support that need with innovative manufacturing solutions.
The company, headquartered in Hanford, California, midway between Los Angeles and the Bay Area, has an eighteen thousand square foot manufacturing facility located in the middle of the Kings County Enterprise Zone. This advantageous location provides the company with moderate climate, excellent local government support, and programs designed to enhance Kings County's business environment.
Thresher Industries, Inc. has developed a unique method of producing cores for use in aluminum and magnesium casting. The core can be easily removed by applying high pressure steam or water and is biodegradable. The company anticipates that ongoing development of this process will result in greater customer satisfaction and the ability to bring this technology to a price sensitive market place.
In 2009, Thresher Industries aims to expand its sales and marketing initiatives throughout the United States, while building its business through the purchase of two Toshiba 350 ton and one hi-bred 650 ton high pressure die casting machine. Through the purchase of these new work cells, the company will be able to offer conventional die castings, in addition to its metal matrix composite and high ductility aluminum, in near net configurations, generating a projected increase in annual revenue of approximately $15 million.
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