1985 FIN – Steel & Wire Division Adds 4 Annealing Furnaces
January 14, 1985 FIN – MNP Corporation added four new controlled atmosphere-annealing furnaces to provide increased capacity for its Steel & Wire Division in Utica, Michigan.
The new wire mill intallation, which now includes seven bell type furnaces and 11 bases, will increase Steel & Wire’s annealing capacity by more than 400% to 12 million pounds per month.
New single hole and multi-hole draw blocks are now in place for wire sizes ranging from .090 diameter up to 1″.
Additional finishing capacity has been provided with new wire and rod cleaning and coating tanks to support various customer requirements.
Larry Berman, president of MNP Corp., tells FIN that Steel & Wire’s new $5 million installation now in operation offers the most modern facility in the Midwest for finished wire products used by fastener manufacturers.
Besides growing internally, MNP has also added to its capacity by acquisition of Viking Fasteners Inc. of Livonia, Michigan.
Viking, a manufacturer of double ended studs and other special cold formed fasteners, will continue to supply products to both automotive and industrial markets from their present location.
The previous owners will get out of the business, but Viking’s management will stay on.
The MNP group is made up of four operating companies: MNP Manufacturing Corp.; Utica Washers Inc.; Highland Bolt & Nut Company; and Steel & Wire.
MNP is headquartered at 44225 Utica Rd., Utica, MI 48087. ©1985/2011 Fastener Industry News.
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