Ladish Co. announced plans to invest $16-20 million to build a new investment-casting foundry in Mexico. The facility will produce titanium components and expects to supply aerospace customers in Mexico and the rest of North America. The company anticipates completing the site-selection process for the planned 55,000-60,000-square-foot plant during the first quarter of 2008.

Ladish expects that the move to invest in a second North American titanium investment casting facility will have a positive impact on the company’s casting operation. According to Ladish, air framers, system integrators and first-tier suppliers in supply chains Ladish serves are locating in Mexico.