Southfield-based
Grede Holdings LLC is committing to
EPA's ENERGY STAR program, which has some of the nation's largest companies working to reduce greenhouse gases by conserving energy.
Grede, a manufacturer of iron castings, foam, silicon and other products for the transportation and industrial markets, with 3,800 employees at 13 foundries, three machining operations, and its headquarters in Southfield, plans to measure and track its energy performance with tools offered through ENERGY STAR.
The company also will develop and implement energy management guidelines for decreasing energy usage. Being an ENERGY STAR company will also have the company promote the importance of energy efficiency to its staff and the community.
It's all part of the ENERGY STAR Challenge, which calls on commercial and industrial buildings to improve energy efficiency by at least 10 percent. In return for energy saving achievements, Grede will receive the ENERGY STAR certification, an increasingly ubiquitous symbol on appliances and other consumer products and commercial and industrial buildings.
ENERGY STAR began in 1992 in an attempt to curb greenhouse gases and global warming. Last year it had saved Americans, according to the Environmental Protection Agency, about $18 billion on their energy bills while reducing the greenhouse gas emissions equivalent to those of 33 million vehicles.
Grede is not disclosing the amount of investment that will go into the project, but there will be a "sound return" on the investment.
"We believe that a strategic, corporate energy management program will help us enhance our financial health and aid in preserving the environment for future generations," says Doug Grimm, chairman, president and CEO, Grede Holdings LLC.
Source: Richard Pacini, senior vice president, Millerschin Group; Doug Grimm, chairman, president and CEO, Grede Holdings LLC
Writer: Kim North Shine
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