The American Foundry Society (AFS), North America's largest and most influential metalcasting association, today announced the results of its Quarterly Metalcasters Outlook Survey for the first quarter of 2021.
After a challenging year for most metalcasters in 2020, the survey found that 69 percent of responding foundries saw sales increase over the past 90 days. Only about one in 10 foundries saw orders decline. Similarly, more than 70 percent of foundries have a positive outlook for the coming year and less than 12 percent anticipate sales declining over the next 12 months. The responses are consistent with AFS economic projections pointing to a 19 percent increase in casting sales to $44.0 billion in 2021.
On the employment front, 61 percent of foundries expect to increase their head count in the coming months, to reflect rising demand for castings. Fulfilling those plans likely will present a challenge. For the second quarter in a row, responding metalcasters ranked Labor Shortages as their number one concern. Rising to second place, compared to sixth place in the November survey, was Raw Material Costs. Tied for third were concerns related to Labor Costs and EPA-OSHA Regulatory Matters.
ABOUT KEVA
Keva Casting is a professional casting company that focuses on Construction, Machinery, Automobile, Hardware, Pipeline and many other industries.
We provide top quality products with the best service based on our complete production chain including our own mold design, advanced production techniques, and full management of the supply chain. Keva Casting has two factories located in Zhucheng, China's Shandong province.
We use "shell molding", which is a new technique that has been developed in recent years.This new technique has simplified production procedures and reduced air pollution compared with traditional sand casting and investment casting. Shell making and core making are faster to ensure production in enormous quantities. The dimensions and surface finishing are satisfactory for all kinds of industrial requirements. Besides supplying our own formwork & scaffolding systems, our casting products also supply OEM services in various industries.