Thresher Industries Inc. (THRR.PK)

Posted: Thu Jan 08, 2009 2:52 pm

Headquartered in Hanford, California, Thresher Industries is a provider of aluminum and metal matrix composite alloy castings. The Company started as a perm-mold casting enterprise, but later expanded their manufacturing capabilities to include low pressure, high pressure, and Nautilus Core manufacturing. The Nautilus Core manufacturing is a unique method of producing cores for use in aluminum and magnesium casting. The core is easily removable through high-pressure steam or water, is biodegradable, and can be located in areas not viable for sand or foam core.

Thresher Industries offers full engineering, metallurgical, and sales support along with designs and prototype development. The Company prides themselves on offering rapid response to customer needs as well as regional customer support from their sales and engineering team members. Thresher Industries has manufacturing sites near their diverse markets. Along with their full engineering services, they have a group of fully audited outside service providers for x-ray, machining, painting, and more. In addition, their production department also provides finished castings.

In December, Thresher Industries announced that they plan to expand their business. This is through the purchase of high-pressure die casting technology. They agreed to purchase two Toshiba 350 ton and one hi-bred 650 ton high pressure die casting machine with a Wazniac high performance shot end and all support equipment including efficient high volume melt/hold furnaces. These will enable Thresher to offer conventional die-castings as well as metal matrix composite and high ductility aluminum in near net configurations. They forecast that this will generate an increase in annual revenue of approximately $15,000,000.

Today, the Company announced that they have established goals to expand their sales and marketing initiatives throughout the U.S. this year. They will seek sales representatives to promote their product, introduce their services to new clients across several vertical markets, and focus on long-term domestic growth for Thresher Industries.

Thresher signed an agreement last year with Advanced Technology Sales Associates to be their global sales representative. Advanced Technology will represent Thresher Industries in the automotive, aerospace, and electronics industries in the Eastern United States and Europe.