One year ago the motto for 2019 was: Sales up, profits down. For two years in a row, growth had slowed down. But compared to the current situation and the findings from the first half of 2020, times were rather rosy.
While German foundries were already struggling with a downturn, the corona crisis has further shaken the industry. The challenge now is to provide assistance and make concrete recommendations for action.
The ongoing corona pandemic is dominating the world and is not stopping at the foundry industry. We have surveyed the industry and identified current and upcoming challenges facing foundrymen, suppliers, manufacturers and service providers.
After years of continuous growth, the global economy has recently begun to shrink. Especially the automotive industry as the most important customer of the foundry industry is affected by this.