ALUMINUM CASTING MARKET ANALYSIS

Market News

• In January 2019, Endurance Overseas Srl (manufacturer of aluminum die casting parts for automotive market) acquired Fonpresmetal Gap SpA, an Italy based manufacturer of aluminum die casting parts. The acquisition will help Endurance to increase its production capacity of aluminum die casting parts.
• In October 2018, Sundaram-Clayton Limited ( India based manufacturer of aluminum castings for automotive industry) opened its new foundry in Chennai, India. The plant has a production capacity of 8,000 tones and will produce machined castings for automotive market. The new plant will help meet growing demand for Sundaram-Clayton’s products from automotive industry.
• In May 2019, Sundaram-Clayton Limited opened its first overseas production facility in South Carolina, U.S. The plant will produce 1,000 tons of casting in first year and in five years will scale capacity to 10,000 tons per annum. The overseas facility will help Sundaram-Clayton to increase its ability to serve its customers in North America, its major export market.