The American Foundry Society today announced survey results showing more than 90 percent of responding North American foundries anticipate making capital investments in the next 12 months.
Foundries identified 19 different categories of upcoming capital equipment purchases. The top categories are grinding equipment, robotics, molding equipment, conveyors, cranes/hoists, machine tools, environmental controls, melting equipment, and air compressors.
Other areas seeing strong foundry interest include 3D printing technology, lab equipment, blast cleaning equipment, sand prep systems, pouring equipment, heat treating equipment, coremaking machines, and sand reclamation technology.
AFS CEO Doug Kurkul noted, “The survey also showed that 89 percent of responding foundries have a positive business outlook for the next 12 months. That positive outlook, coupled with strong demand for castings, has set the stage for significant investments in plant and equipment in the coming months.” Kurkul continued, “Foundry personnel will interact face to face with more than 275 suppliers of essential technologies, equipment and consumables at CastExpo 2022, April 23 to 26, in Columbus, Ohio.”
The American Foundry Society is a dynamic technical and advocacy organization that serves and represents the $44 billion metalcasting industry. AFS is the only association serving the entire industry, including all metals and processes, with a three-part focus on advocacy, education, and innovation. AFS also publishes Modern Casting and Casting Source magazines and presents Metalcasting Congress and CastExpo, the largest metalcasting trade events in North America. Founded in 1896, the organization is based in Schaumburg, Illinois, with an advocacy office in Washington, D.C. More information is available at afsinc.org.