GLOBAL FOUNDRY INDUSTRY

The global production of ferrous and non-ferrous castings is estimated at 80 million tons, vale exceeding USD 100 Billion and the global trade on metal castings is estimated at USD 10 Billion and is expected to multiply in the coming years. With the change in Business climate and the rise in production costs, the advance countries are opting for large-scale outsourcing to countries like India, China, Spain, Brazil, Mexico and countries of erstwhile eastern block.

To meet this huge demand and to be ahead in the competition, application of revolutionary advances in the up gradation of manufacturing technology, human resources and innovative practices is a must in the foundry industry which result in significant improvements in
productivity, energy cost reduction and environment friendly manufacturing techniques.