Dayton Progress to move punch blank production
Dayton Progress announced plans to transfer production of its semi-finished punch blanks to a MISUMI facility in Vietnam.
The company was acquired by MISUMI Group Inc. of Japan in November 2012.
Dayton blanks are currently made in Dayton, Ohio, for all Dayton plants worldwide. MISUMI has a factory complex in Vietnam which supplies all MISUMI punch making factories worldwide.
"Over the next several years, the MISUMI Vietnam blank factories will expand and adopt the Dayton Progress blank-making process, after which most manufacture of Dayton blanks will transfer from Ohio to our MISUMI plant in Vietnam," according to a company press release. "Dayton customers will continue to enjoy all the performance benefits of the Dayton blank, made with the same process and the same steel as before. Quality, metallurgical integrity and consistency and delivery all will be unaffected by this transfer."
There will be no impact to the more than 500 jobs at the Dayton, Ohio, location as a result of this transfer, which will free up space and capacity for continuing growth.
Dayton Progress Corporation manufactures tooling for metal stamping and forming, with 10 factories in North America, Europe and Asia employing 1,000 people and shipping to 13,000 customers in 51 countries.
MISUMI Group Inc. is a $1.8 billion sales global supplier of factory automation products, die and mold components and other industrial products.
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