Foundries supply all sectors of the modern world, including the automotive, aerospace, power generation, railway, petrochemical, medical, defence and marine.
CAEF — The European Foundry Association
Umbrella organisation of the European foundry industry, established in 1953. CAEF deals with economic, technical, legal, and social issues. Its membership includes the national foundry associations from 22 European countries.
While the sanctions against Russia were steadily tightened in March and April, the problems in the supply chains and the adjustments in the prices for input materials are becoming more and more apparent for European foundries. In addition to the war, global disruptions in the logistics industry have also increased due to the harsh Corona lockdown in China. The FISI drops 2.7 points in April, the largest decline since the Covid-19 outbreak in Europe in March 2020.
The war in Ukraine creates considerable uncertainty, causing the FISI to drop in March. This is so far less related to a worsened assessment of current business situation but rather to pessimistic expectations for the upcoming six months.
16 September 2022
20 October 2022