# Bradken purchases Peruvian foundry from Funtec

Bradken, a Hitachi Construction Machinery subsidiary, purchased land, buildings, and facilities for a foundry from Funtec in Chilca, Peru, to produce large mill liners locally, with first production expected in 2026.

- Type: Acquisition
- Announced: 2024-01-22
- Where: Chilca, Peru, Peru
- Jobs: 190
- Status: announced
- Products: mill liners, steel castings
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Hitachi Construction Machinery](https://endata.com/companies/15738.md) (investor)
- [Bradken](https://endata.com/companies/17804.md) (acquirer)
- [Fundacion Technologica S.A.](https://endata.com/companies/75139.md) (target)
- [Fundicion Technologica](https://endata.com/companies/75146.md) (target)

## Sources

- [hitachicm.com](https://www.hitachicm.com/global/en/news/press-releases/2024/24-01-22/), 2024-01-21: "Bradken will now complete construction of the foundry with first production of large mill liners expected in 2026."
- [bradken.com](https://www.bradken.com/news/bradken-invests-in-peruvian-mill-liner-foundry), 2024-01-22: "Bradken today confirmed its commitment to South American mining customers, announcing its purchase of foundry “Fundicion Technologica” (also known as Funtec) with plans to repurpose it as its only large steel mill liner foundry in Peru."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.