EXHIBIT 21

                                INCORPORATION         
                                OR PLACE OF       
NAME OF SUBSIDIARY              ORGANIZATION      
- ------------------              -------------     
Alexander City Casting          Alabama            
Company, Inc.                                     
                                                  
Intermet Engineering            Michigan          
Services, Inc. (f/k/a                             
InterMotive Technologies,                         
Inc.)                                             
                                                  
Columbus Foundries, Inc.        Georgia           
                                                  
Columbus Neunkirchen            Federal Republic  
Foundry, GmbH                   of Germany        
                                                  
Commercial and Precision        Georgia           
Machining, Inc.                                   
                                                  
Intermet Aluminum,              Georgia           
Inc.                                              
                                                  
Intermet Foundries, Inc.        Georgia           
                                                  
Intermet International, Inc.    Georgia           
                                                  
Intermet Machining, Inc.        Georgia           
                                                  
Ironton Iron, Inc.              Ohio              
                                                  
Lower Basin, Inc.               Delaware          
                                                  
Lynchburg Foundry               Virginia          
Company                                           
                                                  
New River Castings              Delaware          
Company                                           
                                                  
Northern Castings               Georgia           
Corporation                                       
                                                  
PBM Industries, Inc.            Delaware          
                                                  
Pennsylvania Castings           Georgia           
Corporation