The foundry industry is facing major challenges due to the transformation of the automotive industry, rising energy and raw material costs, and general supply shortages that are also affecting other industrial sectors. Its greatest asset, the 10th International Technical Foundry Forum found, is also the key to remaining efficient and competitive: Innovative strength.
Andrew Turner, Secretary General of the World Foundry Organization, said, "We should not be surprised by the rapid and profound impact that external events have on our industry. If we've learned anything in recent years, it's that we need to be dynamic and adapt to an ever-changing environment."
Similarly, Andrew Turner reinforced the idea that "we should be proud of an industry that continues to play a strategic role in economic and social development around the world, currently generating nearly $200,000 million in revenue, which is expected to grow to $250,000 million by 2026, making us a growing industry."
Contributions at the forum also focused on the future of foundries, for which the training of skilled workers and young talent plays an important role. It is important to take advantage of international synergies for the continuous development of skilled workers and the training of new employees, he said. The industry needs to develop a more attractive image in order to be able to attract enough qualified specialists in the future.