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Article: Die Casting Industry Holds Steady for 2005; Urges Innovations to Meet Competitive Challenges.
- Article from:
- Business Wire
- Article date:
- January 11, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WHEELING, Ill. -- Amid a rising tide of competitive challenges, the North American die casting industry experienced a relatively stable year in terms of shipments, according to the State of the Industry report issued by the North American Die Casting Association (NADCA). However, the industry continues to face a number of issues that will require innovative solutions for die casting companies to remain profitable.
"Offshore competition, eroding profit margins, increasing health care costs, and rising energy prices are significant challenges to overcome in the die casting industry," explains Daniel L. Twarog, NADCA's president. "These issues are not exclusive to ...