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The Business News of 2009

July New Foundry Trials -- SG Iron Foundry
The new horizontal foundry has run trials successfully and is poised to benefit from the awaited upturn in the order levels during the coming months.

Business Achievements of 2009

  • We have been fortunate enough to continue the year with new orders and the promise of orders from a number of companies in France and Germany ranging from Automotive, Defence and Aerospace. Castings ordered have been in Aluminium, SG Iron, Grey Iron and Stainless Steel.
  • The recession is still biting very hard, although at the time of writing there seems to be the promise of green shoots at least with higher volumes reported from BMW. Despite the recession we have seen a record number of enquiries generated in the first half of 2009 and this seems set to continue.
    Europe is looking towards the UK because of the £/€ rate which has seen a softening of over 30% during the past 12 months. There have also been inevitably casualties in the manufacturing sector and this has meant a new influx of potential orders picked up from closing foundries throughout Europe.