American gearbox supplier Allison Inc. announced that it has filed an S-1 form registration statement for the common stock IPO (initial public offering) program with the Securities and Exchange Commission. At present, there is no detailed information on the quantity and price range of the shares issued this time, but the total planned issuance price indicated in the company's S-1 form totals 750 million U.S. dollars.
Allison said that the company’s IPO proceeds will be used to repay debt, as well as conduct technical research and infrastructure development. The company’s underwriters include Bank of America Merrill Lynch, Citibank, Credit Suisse, Morgan Stanley, and Goldman Sachs.
Allison Company is known as the world's largest supplier of fully automatic transmissions. Its business scope covers mid-sized and heavy commercial vehicles, medium-sized and heavy-duty tactical hybrid propulsion systems for American military vehicles and passenger cars.
It is reported that in 2010 the company’s sales of fully automatic transmissions accounted for 60% of the sales volume of vehicle transmissions for medium and heavy commercial vehicles worldwide.
The die casting process involves the use of a furnace, metal, die casting machine, and die.
The metal, typically a non-ferrous alloy such as aluminum, is melted in the furnace and then injected into the dies in the die casting machine. After the molten metal is injected into the dies, it rapidly cools and solidifies into the final part, called the casting.
The castings that are created in this process can vary greatly in size and weight, ranging from a couple ounces to 100 pounds. One common application of die cast parts are housings - thin-walled enclosures, often requiring many ribs and bosses on the interior.
Metal housings for a variety of appliances and equipment are often die cast.
Several automobile components are also manufactured using die casting, including pistons, cylinder heads, and engine blocks. Other common die cast parts include propellers, gears, bushings, pumps, and valves.
Die Casting Cnc,Cnc Die Casting,Cnc Lathe Machining,Aluminum Die Casting
Ningbo Sunlee Electrical Technology Co. , Ltd. , https://www.sunleeelectric.com