EUROGUSS MEXICO Virtual Weeks 2021
Why the Foundry Industry is still Cruising Rough Sea
This lecture by Dr Fynn-Willem Lohe covers the current challenges of the foundry industry.
Despite first recovery tendencies after CoVid-19, current semiconductors shortages dampen the prospects for OEM suppliers. In contrast, the sector of mechanical engineering shows positive tendencies. While several investments have been postponed last year, order intake is soaring. Yet, the far largest challenge of limitaing global warming and decoupling growth from carbon emissions lies ahead of us. The foundry-industry must take upon this challenge by becoming climate neutral. Being recognized as recyclers and pioneers of circular economy, foundries are "enablers" of carbon-neutral energy production and other solutions. But the economic outlook remains uncertain. Facing ever-increasing, yet important regulations at diminishing profitability, missing to finance the afore-mentioned transformation posits a vital threat. Presenting current CAEF activities and insights into the European foundry industry underlines these prospects by showing new opportunities at the horizon at the same time.
Speaker: Dr Fynn-Willem Lohe, Secretary General at CAEF - The European Foundry Association