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Brics account for 60% of global foundry market

18th April 2014

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

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Brazil, Russia, India, China and South Africa (Brics) accounted for 60% of the global foundry market, with China leading the way with output of over 42-million tons at its 30 000 foundries in 2012.

Worldwide production in 2012 was 100.8-million tons from nearly 51 000 foundries, South African Institute of Foundrymen CEO John Davies, who attended the recent Brics Foundry Forum, in India, outlined.

South Africa produced 374 000 t at its 180 foundries.

He pointed out that, although foundries worldwide recorded growth of 2.3% in 2012, the majority – 20 out of 37 – of countries with foundry industries reported contraction.

“South Africa was one of eight countries which reported contraction greater than 10%, while 11 countries showed growth in their foundry industries during this period,” Davies said.

Meanwhile, he noted that South Africa’s foundries had been found to have higher labour costs than India- based foundries; however, produc- tivity levels were similar in high- pressure die-casting foundries.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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