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Article: Die Casting Innovations Help Domestic Producers Offset Global Competition According to NADCA.
- Article from:
- PR Newswire
- Article date:
- January 17, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. 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., Jan. 17 /PRNewswire/ -- Infrastructure growth in developing nations resulted in 2006 per capita consumption of 97 pounds of metal castings for every person in the world, according the State of the Industry report issued by the North American Die Casting Association (NADCA).
However, the dynamics of global competition contributed to slight decreases in domestic die casting shipments and forecasts for further declines in 2007 before production increases in 2008.
"Our industry closely mirrors the general economy, and economists agree the U.S. economy and manufacturing growth will slow in 2007," said Daniel L. Twarog, NADCA's president. ...