There has been an 11% increase in sales revenue in UK castings industry over the last two years, together with a continuing rise in productivity and high levels of capacity utilisation. Improvements in efficiency and value added services have taken place, with more than half the firms reporting recent investments in capital equipment and over 70% providing value added services such as rapid prototyping, innovative design and simulation and near net shape component manufacture. The UK casting industry employs over 20,000 people directly and in the supply chain and generates sales revenues of at least £1.89billion. Globally over 100M tonnes of castings are produced globally for a huge range of applications.
Welcoming the publication of the 2017 Casting Industry Census, Dr Pam Murrell, CEO of the Cast Metals Federation, said: “The census clearly shows that the UK casting sector has really begun to recover after the global recession and confirms the information we have been hearing from our members, many of whom are now extremely busy. All the markets that are served by the industry, and that is all sectors of our modern technologically enabled lives, seem to be doing well (with the exception of industrial gas turbines), and this is very encouraging.”
Mike Naylor, Durham Foundry Ltd agreed, saying: “We make highly engineered components that provide technical solutions to our customers, through liquid metal engineering and the application of complex science. The industry is diverse and services all sectors of manufacturing – and I do not see this changing – indeed the industry will continue to evolve, embracing change. Our focus needs to be on high value added, complex and technically challenging parts, near to market through close cooperation with designers and our customers. I am pleased to see that the optimism seen around the industry presently has been confirmed by this census.”