 |
DelGrosso: “Our target is to break even by the fourth quarter; we’d like to do it faster than that.” |
A year after filing for Chapter 11 bankruptcy, Chassix Inc. is inching closer to fixing the plant that almost single-handedly sent the supplier into insolvency.
The supplier’s Bristol, Ind., plant, which manufactures automotive die-cast and machined aluminum and iron control arms and knuckles, is expected to be in the black by the end of this year, CEO Doug DelGrosso said.
The Chassix board and management team have allocated resources and funds to repairing dated equipment and working to repair relationships to allow the plant to operate at peak capacity.
“We’re still working our way through post-…
Read the full article at: http://www.autonews.com/article/20160314/OEM10/160319950/chassix-refurbishing-plant-that-caused-companys-financial-troubles