Foundry market in India registered production of 9.05 mn tonnes of castings in 2010-11 and is growing at a CAGR of 6% since 2006-07. India currently has over 4500 foundries in the small, medium and large scale. Growing concern regarding the quality and quantity of castings will drive the establishment of larger casting facilities in India over the next few years. Due to growing demand from the automobile and engineering sectors coupled with India's rapidly growing economy, the foundry market is expected to grow strongly in the near future. The report begins with an introduction to foundries and their process flow. The foundry process flow broadly comprises of three stages including melting, casting and finishing. The various types of casting processes used in the foundry industry are also provided. The market overview section begins with an insight into the global foundry market, including the top ten casting producers and their average production per plant. India was the fastest growing top-ten nation in 2009, increasing its casting tonnage by 9% over 2008. Change in the regional production of the global foundry market has also been added. This is followed by an overview of the Indian foundry market, growth of its casting production and segmentation of castings. Foundry market has been growing consistently in India, with grey iron castings accounting for the biggest share of total castings produced. An overview of the foundry units in India along with their segmentation ...
Fred Thompson: In the ever-changing world of business, an organizations success depends on constantly meeting new challenges and adapting to the marketplace. Im Fred Thompson. From E-Commerce to investing, business strategies to human resources, join me as we take a closer look inside the workings of the modern global economy. Welcome to The Economic Report. Greg Gumble: Whether its cars, computers, or mobile devices, technology plays an integral part in our everyday lives. Take a look at this next story. Narrator: Almost twelve million vehicles are produced in America each year, including over four million passenger cars and nearly eight million commercial vehicles. Millions of vital parts and components are needed, mostly supplied by secondary sources. Automobile manufacturers must have confidence that each part will perform reliably for the life of the vehicle. Suppliers who dont maintain peak quality standards part after part dont last long in this business. And the industry itself is in peril if all parties arent bringing their highest level of innovation and efficiency to the table. One company has been providing both for over sixty-five years. Robb McCoy: Art Technologies has specialized in coining for several decades and weve been very good at learning the aspects of coining and being able to lower our parts cost and improve the quality to give the appearance and the (1:34) tight tolerance of a fine blank part. Narrator: Opening its doors in 1943 as a tool and die ...
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