Industry Analysis & Industry Trends
As automakers' revenue plunged during the recession, demand for nonferrous metal foundry products fell. As automakers expand production in 2013, industry revenue is expected to increase. The industry will continue to globalize and consolidate to meet the mounting needs of its customers. In the five years to 2018, growth in downstream demand will support higher prices for nonferrous metals, benefiting industry revenue and profit... purchase to read more
Industry Report - Industry Locations Chapter
The location of manufacturing establishments is influenced by proximity to raw materials, supplies and, to a lesser extent, wholesalers. Historically, proximity to coal, raw materials and water for processing, cooling and transporting were the main determinants of industry operators' location in the United States. Today, foundries are more likely to be found where metal inputs are readily available, electricity is affordable and customers are in close proximity.
The Great Lakes
The Great Lakes region is the largest producer of nonferrous castings, accounting for about 33.6% of industry establishments. The average establishment size (70 employees per establishment) is also large relative to the industry, as the majority of establishments have less than 20 employees... purchase to read more