DUBLIN, Jan. 20, 2023 /PRNewswire/ — The “Casting of Metals in South Africa 2022″ report has been added to ResearchAndMarkets.com’s offering.
This report is on the casting of metals in South Africa, which produces finished and semi-finished products of cast iron and steel (ferrous metals) and cast non-ferrous metals.
It includes information on the state and size of the sector, influencing factors, trade statistics and developments and information on notable players.
The metal casting industry has been contracting over the last two year due to poor economic growth, high input costs, inconsistent supply of electricity and high levels of imports.
The value of metal castings exports declined in 2021 and employment in the industry has decreased. There is potential for increased demand for the industry’s products from end users in the mining, automotive and energy industries.
There are profiles of 26 companies in the industry, which include those of listed companies ArcelorMittal South Africa and Hudaco Industries, as well as players such as Atlantis Foundries, Cast Products South Africa, MIS Engineering and Pressure Die Castings.
Key Trends and Issues
Companies in the industry are increasingly seeking to diversify their sources of income by ensuring their customers are spread over various industries. Foundries are also increasing the number of value-added services they offer.
The rising prices of the foundry industry’s two largest input cost components, electricity and scrap metal, are putting the industry under pressure.
Stable and cost-effective power supply is important for foundries since their processes consume relatively high amounts of electricity.
Outages disrupt production, lead to under-utilisation of production capacity and higher costs, substitution of locally-manufactured products by imports, the threat of not fulfilling export orders and losing contracts and investment uncertainty.
Companies are subjected to load-shedding and load curtailments and forced to spend capital on alternative or back-up electricity sources.
Key Topics Covered:
2. DESCRIPTION OF THE INDUSTRY
2.1. Industry Value Chain
2.2. Geographic Position
2.3. Size of the Industry
3.1. State of the Industry
3.2. Key Trends
3.3. Key Issues
3.4. Notable Players
3.6. Corporate Actions
3.8. Enterprise Development and Social Economic Development
6. INFLUENCING FACTORS
6.1. Economic Environment
6.2. Inconsistent Supply of Electricity
6.3. Input Costs
6.4. High Levels of Imports
6.5. Technology, R&D and Innovation
6.6. Environmental Issues
6.7. Unforeseen Events
6.9. Government Support
7. COMPETITIVE ENVIRONMENT
7.2. Ownership Structure of the Industry
7.3. Barriers to Entry
8. SWOT ANALYSIS
10. INDUSTRY ASSOCIATIONS
Akhani 3D (Pty) Ltd
ArcelorMittal South Africa Ltd
Atlantis Foundries (Pty) Ltd
Autocast South Africa (Pty) Ltd
Cast Products South Africa (Pty) Ltd
Ceracast (Pty) Ltd
Copalcor (Pty) Ltd
Elmacast (Pty) Ltd
Hudaco Trading (Pty) Ltd
Kimberley Engineering Works (Pty) Ltd
M I S Engineering (Pty) Ltd
Natal Iron and Brass Foundry CC
Non-Ferrous Metal Works (S A) (Pty) Ltd
Pressure Die Castings (Pty) Ltd
Prevail Engineering (Pty) Ltd
Rely Precision Castings (Pty) Ltd
Rustenburg Engineering and Foundry (Pty) Ltd
South African Roll Company (Pty) Ltd
Steloy Foundries (Pty) Ltd
Thomas Foundry (Pty) Ltd
Thos Begbie and Company (Pty) Ltd
Transnet SOC Ltd
Vereeniging Foundries (Pty) Ltd
Viking Foundry (Pty) Ltd
Wahl Industries CC
Weir Minerals Africa (Pty) Ltd
For more information about this report visit https://www.researchandmarkets.com/r/to7044
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
View original content:https://www.prnewswire.com/news-releases/south-africa-casting-of-metals-industry-report-2022-rising-prices-of-input-cost-components-electricity-and-scrap-metal-are-putting-the-industry-under-pressure-301726779.html
SOURCE Research and Markets
Warren Buffett is known for holding onto his S&P 500 stocks forever. But that definitely wasn't the case recently.
Gary Shilling, a veteran economist and money manager who called the mid-2000s housing crash, says he's betting against stocks and commodities.
The prospect of a looming recession has been in the background for a while now. Financial prognosticators have generally agreed that one will hit eventually, although its timing and magnitude remain open to debate. But for those concerned about a recession’s impact on the economy and the markets, one legendary Wall Street name has a reassuring take on the matter. Billionaire Steve Cohen, who runs hedge fund Point72 Asset Management, a firm with $31.4 billion of assets under management, expects a
The allure of sunshine, low taxes and low housing prices have been attracting people to Florida for decades, but high insurance premiums are beginning to reverse the trend. The U.S. Census Bureau shows that nearly 276,000 people left Florida in 2022, and it's believed that skyrocketing insurance premiums motivated many of the departures. The study showed most of the former Florida residents remained in the sun belt, moving to states like North Carolina, Georgia, Tennessee and Texas. Those states
Berkshire Hathaway's record $157 billion cash pile is a warning sign for investors, Portfolio Wealth Advisors' Lee Munson said.
(Bloomberg) — Jim Chanos, the legendary short seller known for his bearish bets against Enron and Tesla Inc., is shuttering his hedge funds after almost four decades.Most Read from BloombergBacklash Spreads Over Musk’s Endorsement of Antisemitic PostAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationOpenAI Ousts Altman as CEO; Board Says It Lost Confidence in HimSilicon Valley Boardroom Coup Leads to Ouster of an AI ChampionXi’s Big Week Ends With Rare Wins on US Ties
Stock-market valuations, by one measure, have hit levels surpassed only a few times in the past, including the Great Depression and the dot-com bubble.
Mortgage rates continue to yo-yo wildly this week—with another dramatic drop Thursday. Plummeting a third of a percentage point, the 30-year mortgage average is at a 9-week low.
The biggest wind turbines are larger than the Empire State Building. They're getting bigger every year because longer blades grab more wind and create more power compared to the increased material costs. Massive turbines typically lower the cost of wind farms because they require fewer turbines to create the desired capacity. But giant turbines are expensive and raise aesthetic concerns as they can dominate skylines. A startup company backed by business magnate Bill Gates aims to change both the
States vary widely in the way they tax retirement income so location is an important consideration in financially planning for retirement. Some states don't levy income states on any sort of retirement income, while others tax IRA and 401(k) distributions, … Continue reading → The post 11 States That Do Not Tax Retirement Income appeared first on SmartAsset Blog.
As expensive as mega-cap tech stocks are, they are still worth holding onto since they are at the center of the AI tech transformation that is just beginning, writes an Evercore analyst. Many smaller tech companies won’t be able to compete with larger firms, which are using their ample profits to invest heavily in AI. Salesforce and Intuit are two companies that aren’t that expensive and are likely to post strong growth.
Dubbed the Oracle of Omaha, Warren Buffett is renowned for his simple and frugal lifestyle. Despite being the sixth richest person globally, with a net worth estimated at $120 billion, Buffett continues to live in the same modest home in Omaha that he purchased in 1958 for just $31,500. Adjusted for inflation, that amount today would be approximately $328,990.80, a mere 0.000279% of his total net worth. Buffett has consistently ranked the purchase of his home as the third-best investment he has
Two companies behind the supplements brand Balance of Nature had flouted years of warnings, the FDA said.
Manufacturers need to cut costs as electric-vehicle inventories pile up, but this is easier said than done.
Fund flow data show investor skepticism is high as retail investors ditched stocks in October at the fastest pace since 2021.
While 8% mortgage rates mean potential buyers are squeezed, the last decade saw a surge in people who own their homes outright.
In a surprising move, OpenAI today abruptly fired Sam Altman, its CEO and a member of its board of directors, and installed CTO Mira Murati as interim CEO. Murati, who has a degree in mechanical engineering from Dartmouth College, previously worked as an intern at Goldman Sachs and then at Zodiac Aerospace, the French aerospace group.
Relative strength is key when choosing top stocks. GE stock and Amazon stock pass the RS Line Blue Dot screen.
Spirit Airlines (NYSE:SAVE) stock is flying high today, but you don’t need to get pulled into a bad trade. The often-discussed merger prospects might stir up some excitement about Spirit Airlines, but I am bearish on SAVE stock because the company’s financials are problematic, and an acquisition is far from assured. Florida-headquartered Spirit Airlines is a well-known airline carrier that’s had some turbulence in 2023. Sure, this could be said about U.S. carriers generally, given the shortage o
If I have a tax-deferred 401(k). Can I convert it to a Roth IRA without paying the deferred taxes when I roll it over? -Tommy Generally, the answer here is no. There's typically no method to totally dodge taxes on … Continue reading → The post Ask an Advisor: I Want to Roll Over My Money to a Roth IRA. How Do I Avoid Paying Taxes? appeared first on SmartAsset Blog.