Author: Austin Alloy Cast

Lost wax investment Casting is a 5000 years process. It began as a way to manufacture precision components like sculpture, and continues to be a fundamental manufacturing process for industries worldwide. Precision casting, also known as the Lost wax process or micro fusion/ Feingues, is a wax pattern build-up process, ceramic shell enclosing, burning out wax, and filling the remaining space with metal. The process is as accurate as any, having higher resolution and surface finish smoothness, and finds the best applications in making minute pieces of parts with close tolerances. We employ these processes at Austin Alloy Cast and supply to industry leaders worldwide from one of the largest single location manufacturing facilities. It is put into practice here to provide cost-effective yet world-class solutions that live up to the expectations of all sorts of businesses. Here are the top five most conducive industries because of lost wax investment casting and how this adaptable process caters to their unique requirements. 

Rail Industry: Accurate to the Life-Critical Mission : 

The rail industry requires components that are precise, durable, and capable of withstanding heavy loads, vibration, and long-term operational stress. Lost wax investment casting is widely used to manufacture parts such as brake system components, coupler parts, suspension brackets, and structural fittings. These components often demand complex geometries and must exhibit excellent mechanical strength, wear resistance, and dimensional stability. Materials like carbon steel, stainless steel, and alloy steels are commonly used due to their toughness and resistance to environmental factors. Austin Alloy Cast’s expertise in precision casting enables rail equipment manufacturers to minimize post-casting machining by delivering near-net-shape parts, reducing material waste and overall production time while ensuring consistent performance in demanding rail environments. 

Marine Industry : Precision Making a Difference to Life-Saving Applications : 

Lost wax investment casting plays a crucial role in manufacturing precision components for the marine industry, including impellers, pump housings, valve components, and propeller blades. This process allows for the production of intricate, corrosion-resistant parts essential for enduring harsh marine environments. Materials like stainless steel, particularly 300-series alloys such as 304 and 316, are favoured for their superior resistance to saltwater corrosion, structural integrity, and long-term durability in maritime applications. Austin Alloy Cast’s advanced Indian facility ensures that marine equipment manufacturers receive high-quality, industry-compliant castings. The near-net-shape capability of investment casting reduces material waste and machining time, making it an ideal solution for cost-effective production of complex and high-performance marine components. 

Food Processing: Performance and Efficiency : 

The food processing industry relies on lost wax investment casting to produce components that meet the highest standards of hygiene, durability, and operational efficiency. Parts such as valve bodies, spray nozzles, impellers, and equipment fittings benefit from the process’s ability to form complex, sanitary-grade geometries with exceptional dimensional accuracy. Stainless steel alloys, particularly 304 and 316, are routinely used for their corrosion resistance, non-reactivity with food products, and compliance with food safety regulations. As food processing systems evolve with increasing automation and precision requirements, investment casting continues to be a key manufacturing method to deliver components that support cleanability, reliability, and long-term performance in demanding food-grade environments. 

Oil and Gas Industry: Resisting Hostile Environments : 

The oil and gas industry is working in perhaps the most hostile environments, with requirements being for materials that will function in corrosive environment, temperature, and pressure. Lost wax investment casting is typically used to cast pieces such as pump casings, valve trims, and tubing that have such demanding requirements. 

The flexibility of the process to cast any quantity of alloys, ranging from stainless steel to nickel-based super alloys, guarantees parts to be long-life and corrosion-resistance. Austin Alloy Cast’s full spectrum of services from casting to post-processing and machining meets the oil and gas industry’s need for quality, reliable parts. Smooth surface finish offered by investment casting also reduces wear and friction, thereby extending the life of high-stress components. Since worldwide energy demands determine long-term equipment needs, investment casting remains an always viable solution for this sector.  

General Engineering: Versatility to Accommodate a Wide Variety of Uses : 

With the exception of specialty uses, general engineering is in the sights of a wide variety of uses that take advantage of the versatility of lost wax investment casting. From grinding blades and mixing plates in industrial equipment components to electronics and robotics precision components, the process is precise and versatile. 

The capability to cast ferrous and non-ferrous alloys such as stainless steel, bronze, and aluminium enables the manufacture of custom parts to mechanical specifications. Austin Alloy Cast advanced casting capabilities and full logistics support system facilitate quick turnaround of castings for many applications in engineering, prototype production, and high-volume production.  

To be concluded : 

Austin Alloy Cast adds to these advantages with its material specification expertise, state-of-the-art mould construction, and rigorous quality control to provide customers with parts to precise specifications. Conclusion Lost wax investment casting is a revolutionary process that unlocks opportunities for industries that need precision and reliability. From rail and marine to automotive, oil and gas, and general engineering, the process offers components of unparalleled quality and performance. Austin Alloy Cast, with its cutting-edge facilities and commitment to excellence, is at the forefront of delivering custom casting solutions that enable these industries to thrive. 

India’s emergence as an international steel and stainless steel investment casting giant did not happen accidentally. After bringing state-of-the-art manufacturing plants, quality manpower, and sagacious economic policy together, India has become a precision casting powerhouse. Firms such as Austin Alloy Cast, with their cutting-edge factories and emphasis on quality, are at the forefront of India’s increasing dominance of this specialty industry. This article explores the primary reasons why India has become the world center for steel casting and stainless steel castings, tipping its hat to the country’s natural strengths and how it satisfies the world demand.

A Legacy of Manufacturing Excellence

India has a long history of metal working that stretches thousands of years ago, now enhanced with modern-day sophistication. Indians have followed the process of investment casting, also known as lost-wax casting, for centuries first to create marvellous sculptures and ornaments. New technology has upgraded this old process to the vanguard of high-precision manufacturing process to be used for high-end applications within automobile, and food processing industries. Plants like Austin Alloy Cast draw on this legacy, marrying old expertise with latest technology to pour complex steel and stainless steel pieces to exact international standards.

Advanced Infrastructure and Technology

India’s investment casting industry has been fortunate enough to receive the best-of-breed investment in technology and infrastructure. Local foundries such as Austin Alloy Cast have been well equipped with modern equipment and measuring instruments to ensure precision and uniformity. Investment casting processes in these plants include wax model building, coating models with a ceramic slurry, and pouring molten steel or stainless steel into the models. This labor-intensive process, explained on Austin Alloy Cast’s website, enables the manufacture of parts with intricate geometries and surface finishes with minimal requirement for extensive secondary processing.

Cost-Competitive Production

India’s greatest strength is that it is able to provide cost-competitive production without sacrificing quality. Indian material cost, labor cost, and overhead are all less than in most developed countries, which makes India an extremely desirable destination to outsource. Investment casting, the more expensive though because of its precision and sophistication, is cheaper in India than it would be for the West. Austin Alloy Cast, for instance, leverages its ability to make high-value castings at cost-effective prices with the skills of its people and efficient supply chain management.

Skilled Workforce and Global Communication

India’s vast pool of engineers, technicians, and metallurgists is the foundation of its investment casting industry. The organizations such as Austin Alloy Cast have internationally experienced personnel with excellent communication with foreign clients. This plays a significant role in sectors where the castings used in hazardous applications must be accurate, i.e., valve bodies, pump casings, and fittings. The strength to comprehend customer specifications and also the strength to foresee customer expectations makes Indian producers stand out.

Strategic Position and Global Access

India’s geographical advantage reiterates its position as a world steel and stainless steel casting center. Located at the intersection of international shipping lanes, the nation facilitates effective logistics to ship products to any part of the globe. Austin Alloy Cast’s worldwide market access through a warehouse facility in the US & sales representatives across different continents facilitates on-time delivery of product to customers globally. This logistics backup is complemented by India’s stable export policies and trade agreements favouring international business.

Quality and Sustainability

There is no choice in quality in the investment casting business, especially in steel and stainless steel parts employed in high-impact applications. Indian foundries have very high international standards to meet, and some of them, like Austin Alloy Cast, have strict quality control systems. From heat treatment to non-destructive testing, these processes make castings suitable for the demands of the energy, and automotive industries. Austin Alloy Cast’s accuracy and reliability have made it a household name for high-profile international clients.

Compliance with Varying Industry Needs

India’s industrial investment casting business is diversified to meet varied industries. Castings of stainless steel and steel are critical to be used for the production of valves, heavy machinery, pumps, and instruments. Austin Alloy Cast products are diversified from items such as valve bodies, hydraulic cylinder castings, and centrifugal pump casings, and they demonstrate the capability of the industry to deliver diversified needs. Stainless steel Castings for example, is most valued in terms of strength and purity, and for this reason it is best utilized in Medical and food processing Industry.

To conclude India’s becoming a hub of steel and stainless steel investment castings as a worldwide trend is propelled by the economic competitiveness, technology, and culture of the country. Such companies as Austin Alloy Cast are a reflection of India’s strengths, providing the best quality castings that can be acceptable in any industry. With state-of-the-art facilities, highly skilled personnel, and focus on quality, India is not only keeping pace with the international demand but is actually redefining new standards for precision manufacturing. And with companies across the globe seeking dependable affordable casting options, India’s dominance in this is only set to increase.

Casting is the backbone of contemporary manufacturing, allowing industries to produce intricate metal parts with precision and speed. From automotive parts to medical devices, the optimal casting method can be the difference between product quality, price, and delivery timelines. Austin Alloy Cast Pvt. Ltd., investment casting specialist headquartered in Rajkot, Gujarat, is keen on providing quality, affordable solutions to various industries. With their strong facility and focus on innovativeness, they stress appropriate choice of a process for casting to particular applications.Throughout this post, we will explain four most important methods of casting—sand casting, investment casting, shell molding, and die casting—and their operations, advantages, and best applications to help you decide the process that is most suitable for your business.

Sand Casting: Functionally and Cost-Effectiveness

Sand casting is also one of the simplest and the oldest methods of casting, carried out by every company due to its simplicity and low cost. It starts with the creation of a mold using a mixture of clay, sand, and water rammed around a pattern of the part to be manufactured. The mold then discarded, melted metal poured inside the mold’s cavity and when it solidifies hardens forming the part. The sand mold is broken during cooling when it leaves the resulting cast piece with very little being required for most cases of finishing.

Investment Casting: Precision for Complex Geometries

Investment casting, or lost-wax process, is a synonym for precision and versatility, and it is something with which Austin Alloy Cast is expert. It is to duplicate the part in wax, with the wax having been coated by a slurry of ceramic so as to be built up in a hard shell. After that has hardened, the wax will melt out of the shell and create a cavity into which metal that is liquid will be poured. When solidified, the ceramic shell is stripped away, and an extremely fine part is left.

Investment casting is applied extensively in the manufacture of highly intricate parts with high surface finishes and tight tolerances, frequently eliminating the need for redundant machining. Investment casting finds application with the aerospace, medical, and petroleum and gas industries to create turbine blades, valve components, and medical devices. With over half a century of experience to its name since 2014, Austin Alloy Cast leverages the same to deliver mission-critical castings for use by world leaders from its cutting-edge India-headquartered facility.

Shell Molding: Balancing Quality and Efficiency

Shell molding, or shell mold casting, provides a compromise between investment casting precision and sand casting cost savings. The process employs a combination of resin-coated sand to form a thin, hardened shell of a mold around a heat-treated metal pattern. Two halves of a shell are glued together to form the mold, which is subsequently filled with molten metal. The shell is chipped off after cooling to remove the cast part.

Shell molding has tighter tolerances and a smoother finish than sand casting and, accordingly, is used in applications such as automobile gear, hydraulic components, and small machine parts. It is faster than investment casting and can attain higher production volumes and is hence an economic process for medium-size production runs. Automotive, agriculture, and mechanical engineering are just some of the sectors which are preferable to shell molding because it has the ability to cast materials such as cast iron, steel, and non-ferrous alloys.

Die Casting: High-Speed Precision

Die casting is a high-velocity, high-precision process that is ideally suited for the production of large numbers of small- to medium-sized parts. The process is to fill a reusable steel die, or mold, with high-pressure molten metal and quickly cool and solidify the part. The die is opened and the part pushed out, ready for low finishing.

Selecting the Appropriate Process for Your Industry

The appropriate process to choose will be determined by a variety of considerations: complexity of the part, quantity produced, material specification required, and price. Sand casting is ideal for high volume production runs of low-volume components in construction-type businesses where cost is more a factor than precision. Austin Alloy Cast-investment casting is best utilized for picky, costly aerospace, medical, and energy parts where costliness can take the burden of the quality and precision. Shell molding is effective at maximum location where medium lot size is produced for the motor and engineering part in cases with compromised price but quality is priority. Die casting is ideal for high-precision, high-volume parts in consumer and automotive products where volume and speed are most important.

Conclusion

Selection of the casting process is a make-or-break manufacturing decision. Sand casting provides cost savings and flexibility, investment casting provides precision for intricate parts, shell molding provides balance between quality and efficiency, and die casting provides efficiency in high volume production. By project requirement analysis and drawing on industry expertise such as Austin Alloy Cast, manufacturers can choose the process that best reacts to their needs. Whether manufacturing heavy equipment, medical equipment, or consumer electronics, the correct casting process provides quality, reliability, and value for money, propelling innovation across industries.

Futuristic general engineering implies improved productivity, smart functionality and sustainability. Precision casting of metal parts for general engineering is the process to make the parts with precise finishing. One can achieve accurate size and shape of engineering parts and excellent surface finish only with precision casting. These casted parts, in turn give shape to futuristic general engineering. As we are talking about precision casting, how can we not mention leading precision casting manufacturing companies? Austin Alloy Cast, which employs more than 250 employees at the world class foundry set-up back in India is one of the prominent manufacturers.

Why choose only precision casting?

As mentioned above futuristic general engineering will be more advanced with smart functionality and improved productivity. Finishing quality of the metal parts used in general engineering is the crucial matter. Having blemishes, defects, porosity, uneven or unfinished surfaces in your metal components can lead to impaired productivity. Precision casting or investment casting process produces metal parts with excellent surface finish. Moreover, precision casted parts are visually appealing and look better than any parts manufactured using other processes.

Apart from finishing quality, precision casting can handle complex shapes of the components which are used for general engineering.

For all the reasons one should choose precision casting for manufacturing of general engineering metal parts or components. It is also important to choose the right foundry which can handle the process very well. Austin Alloy Cast offers a complete solution to manufacture your general engineering parts under one roof. Austin has expertise in gear blank casting, rope fitting components, marine transducer housing, rail coupler lock lift assembly, lantern, etc.

At Austin Alloy Cast, every project is handled with care and considering the requisites of it. If required technical consultation and value added services are offered.

Contact us on below given details to check availability and booking an appointment with our sales agent in your area.

When you choose feinguss casting for your metal parts project, the first thing that comes to your mind is to find the right foundry to take over the projects. India is the best country to source for your feinguss casting project requirements. Going for Feinguss in India will have many advantages. But, how to choose the right foundry for your requirements?

Feinguss is a lost-wax casting in which a molten metal is poured into a mould that has been created by means of a wax model. The process requires following steps:

This process takes a lot of time and labour. Any investment casting manufacturing foundry having required set-up and labours can do the job very well. Feinguss in India could be the best option for cost-effective and quality solutions.

Feinguss in India and Austing Alloy Cast:

Austin Alloy Cast offers a comprehensive solution for any of your metal parts which is for stainless steel, alloy steel, duplex steel & nickel base castings. Austin has one of the largest manufacturing facilities for investment castings in India at a single location. We can handle large volumes and weight per piece of upto 150 kgs. Detailing in each process is our forte and we have acquired expertise in the investment casting process.

From technical consulting to sample development or to convert your sand casting or other metal casting processes to Feinguss in India, contact Austin Alloy Cast at the following given details or our sales agents in North America, Europe or APAC regions. Our sales agents are easy to reach and available according to your time zone. Furthermore, we have sales agents who speak languages like English, Hindi, Danish, Portuguese, German, French and Japanese.

Let’s work together for your next project.

Investment casting is one of the processes which can give precise shape to your metal casting components. So, it’s well-known as precision casting also. When you have a project for casting metal parts which require exceptional surface finish or have complex shape then our wide-reaching investment casting solutions can be just right for you.

Austin Alloy Cast Pvt. Ltd., one of the well-established investment casting foundry based out of India provides wide-reaching investment casting solutions to leading companies in Europe, North America and South America.

How is it a wide-reaching investment casting solution?

1. Wide-reaching in terms of sales and support: Our sales agents are available to help when the customers need them. A network of our sales agents is spread across the globe in different countries. They can speak various languages like English, Hindi, Danish, Portuguese, German, French and Japanese so it’s very easy to reach you and offer you the best solution for your metal casting projects.

2. Wide-reaching in terms of solutions: When investment casting is just a service provided in the market, we offer a wide-reaching solution for metal casting projects that cover project consulting, value added services like machining, etc. In-house testing facilities and certifications make the projects perfectly executed.

3. Wide-reaching in terms of technology and infrastructure: High-end technology i.e. design and development softwares, testing machines, expert human resources to manage the projects and state-of-the-art infrastructure has taken the place of old family run foundries now. To fulfil large projects for metal casting parts, having essential technology and infrastructure is a must. Austin’s foundry which has spread across 25000 sq. mt. The area has advanced technology and infrastructure to deliver best quality products to their customers globally. Our investment casting manufacturing unit meets high level quality standards (find the details in the link). Not only that but we generate and use 1.5 MW green energy for the manufacturing process which comes from our solar power plant.

Make sure that your metal components in any of the alloys from Carbon Steel, Low Alloy Steel, Martensitic Steel, Stainless Steel, Nickel Based Alloys, Duplex, Cobalt based alloys, and Heat Resisting Steels are made of highest quality. Austin Alloy Cast, through its wide-reaching investment casting solutions can help you achieve desired results.

We undertake investment casting projects for metal parts from food processing, oil and gas, pulp and paper, heavy earth moving, medical and general engineering industries. Reach to book a brief consultation session.

There are more than 10 casting processes used for casting metal parts in different industries worldwide. Each casting process has its own advantages and qualities to fit for certain requirements. Moreover, different metal parts have different complexity. So, choosing the right process for that complexity is very important. Here, in this blog we are going to give you detailed insight of two metal parts casting processes – Sand Casting (SC) and Investment Casting (IC) with the case studies.

While the sand casting process involves sand to create a mould for casting of metal, investment casting involves wax pattern to create a mould. But, that’s not the only difference between the processes. Sand casting suits for the low-volume production runs and for large components. However, investment casting is a time taking process due to more steps than sand casting involved in it. Sand casting is a suitable process for large parts while investment casting is the suitable process for medium to large parts. Investment casting is capable of producing complex parts with excellent surface finishes. And that’s why the investment casting process is also called ‘precision investment casting process’. A near net shape finish achieved by investment casting reduces the need for machining which helps save your overall project cost.

Why should you convert your process from Sand Casting to Investment Casting?

1. When you want near net shape and better surface finish for your metal components.

2. When there is a requirement to produce complex shape casting.

3. When you don’t have more time for machining or secondary processing (polishing, trimming, etc.)

4. When you want to incorporate logos, product IDs, numbers or texts onto the surface of your metal parts.

5. If you are facing problems in the sand casting process like porosity, etc.

Austin Alloy Cast is a well-established investment casting foundry based out of India offers the highest level of investment casting solutions to their customer-base in major EU countries and North America.

Case Studies of our clients converted Sand Casting (SC) process to Investment Casting (IC):

One of our customers from Europe converted to an investment casting process from sand casting process for hydraulic cylinder products. They were getting cost benefit due to near et shape finish and lower need of machining. Converting to investment casting (IC) also helped them to get a better surface finish (aesthetic look) than sand casting.

One of our customers from Turkey converted from sand casting due to better lead time and found the pricing we offer very competitive for investment casting (IC).

An American company using a sand casting process was facing a quality issue (porosity) which made them look for another process option. They consulted us about the issue. Our consultative approach helped them find the solutions and they converted from sand casting to investment casting for their project. We successfully delivered them in bulk.

Canada’s medical device industry is mainly an export oriented industry and contributes 1.8% of the global medical device market. Canada made exports worth of $ 4.4 Billion medical devices in the year of 2020 which increased from $3.2 Billion from 2015. This obviously shows that Canada’s medical device industry’s future is bright. The industry is expected to grow at a CAGR of 5.4% from 2021 to 2028. The Canadian government showed and offered great support to the research programs to develop innovative medical devices through federal funding and tax incentive programs. Ontario, Quebec, British Columbia and Alberta provinces have the majority of medical device manufacturing establishments.

New avenues are opening up for the medical device companies and startups in Canada as the industry is expected to grow at a very decent level and government as well as private support are offered to medical device startups in Canada.

How investment casting solutions from Austin could play a very important role to enhance the growth in the market for the companies.

Austin Alloy Cast, a leading investment casting foundry manufactures and exports medical devices in North America and European countries. As Austin Alloy Cast understands the stringent requirements of the industry concerning the product quality, surface and hygiene, medical device companies in Canada have never had to worry about it. Austin Alloy Cast has a well-established manufacturing set-up back in India and a huge logistic network to deliver the cast pieces on time. The medical device market which has huge demand for hospital furniture, Orthopaedic, Oncology and prosthetic devices are casted at the foundry of Austin Alloy Cast. Not only metal casting of the medical devices but also post processing, machining, value added services and packaging are done as per the requirement of industry standards.

When there’s requirement of casting medical devices like briquetting rolls, bushings, valve trims, grinding plates, wear components, mixing blades, tubing and piping, and other such devices, Austin Alloy Cast can be the trusted investment casting company to deliver you them on short turn-around time. Austin Alloy Cast also offers technical consultation if you are starting a new project.

Book an appointment to schedule an online meeting by sending an email given below or browse the official website for more details.

Source:

https://www.tbdc.com/the-future-of-health-tech-and-medical-devices/

https://ised-isde.canada.ca/site/canadian-life-science-industries/en/medical-devices/industry-profile

When you source for an investment casting company for your valve casting project, you look for capacity, expertise, value added services offered and other such things in a foundry. One more parameter to source the right investment casting company for your valve casting project is to look into the portfolio of the company.

Austin Alloy Cast Pvt. Ltd. is one of the pioneers from India in valve casting manufacturing. Our company casts more than 840 MT of valve castings in different types of alloys every year and are exported to North American, European and APAC regions. Not only our expertise, capacity and high quality standards, but also our diverse valve casting portfolio which makes our service competitive and a preferred supplier to the valve customers.

Our valve casting portfolio:

Ball valves:

Ball valves which are widely used for flow control of fluid in the Oil & gas industry, Cryogenic application industry, pulp and paper industry, Pharmaceutical industry, Paint industry, water application Industry, Fertilizer plant are required to be casted precisely. Our ball valve casting gives you quality and perfection in the product which is incomparable.

Ball valve types we cast:

Full bore, Reduce bore, Floating ball valve, Metal seated ball valve (MSBV), Soft seated ball valve (SSBV) , Trunnion mounted ball valve, etc.

Alloys:

Stainless steel, Hast alloy, Inconel, Super alloy, Low alloy steel, Carbon & low carbon steel, Duplex and Super duplex, Monel, etc.

Size:

DN15 MM to DN300MM

Tests:

RT, Impact up to -196°C, DP, MPI, Corrosion Test as per (ASTM A 262, DIN EN 3651-2,ASTM G-28 & G-48), Ferrite, Microstructure, etc.

Certification:

ISO 9001:2015, PED 2014/68/EU, AD2000 W0, UKCA, NORSOK, DNV MARINE, ABS MARINE, (LR & BV MARINE IN PROGRESS), etc.

Gate valves:

Gate valves which are primarily used for start or stop the flow of fluid are casted at Austin Alloy Cast. Our gate valves are used by Oil & gas companies, Marine industry, mining industry, fire water and water application industry, chemical and petrochemical industry, etc.

Alloys:

Stainless steel, Hast alloy, Inconel, Super alloy, Low alloy steel, Carbon & low carbon steel, Duplex and Super duplex, Monel, etc.

Size:

50 MM to 150MM

Tests:

RT, Impact up to -196°C, DP, MPI, Corrosion Test as per (ASTM A 262, DIN EN 3651-2,ASTM G-28 & G-48), Ferrite, Microstructure, etc.

Certification:

ISO 9001:2015, PED 2014/68/EU, AD2000 W0, UKCA, NORSOK, DNV MARINE, ABS MARINE, (LR & BV MARINE IN PROGRESS).

Butterfly valves:

Butterfly valves are used in Fertilizer plants, fire water and water industry, Marine industry to shut-off flows of fluid.

Butterfly valve types we cast:

Wafer type, Lug type, Double Offset, Triple offset

Alloys:

Steel, stainless steel, carbon and low carbon steel, duplex and super duplex

Size:

50 MM to 300MM

Tests:

RT, Impact up to -196°C, DP, MPI, Corrosion Test as per (ASTM A 262, DIN EN 3651-2,ASTM G-28 & G-48), Ferrite, Microstructure, etc.

Certification:

ISO 9001:2015, PED 2014/68/EU, AD2000 W0, UKCA, NORSOK, DNV MARINE, ABS MARINE, (LR & BV MARINE IN PROGRESS).

This is just a glimpse of our valve casting portfolio which is much more diversified than the above mentioned portfolio. We also manufacture globe valves, check valves, knife gate valves, pressure relief valves, strainers etc.

Are you looking for an investment casting manufacturer company for your next valve casting project? Ask Austin Alloy Cast. Our sales and technical experts are always happy to help you.

Germany – Europe’s largest economy has officially entered into the recession. GDP fell by 0.3% in the first quarter of 2023 followed by 0.5% in the fourth quarter of 2022. Before we look into the solution of how some industries can stay unaffected, let’s look into the summaries of how it affects many industries if they use metal components or machine parts.

How industries will be affected by this economic slowdown.

Shut down of foundries:

Metal components and machine parts used in general engineering, oil & gas, heavy earth moving, food processing, medical and marine industry are casted in foundries. Many German smelters and casting foundries including a 200 year old foundry have already shut-off due to the energy crisis. The recession will lead to layoff and closure of the metal casting foundries as paying high wages and energy bills are a huge burden on them. Shutdown of foundries mean no supply or scarcity of metal components to the industries.

High production costs and tight raw material supply:

Recession has caused inflation which in turn led to higher production costs in Germany. Metal casting foundries rely on raw materials (steel, aluminium, copper, etc.) and casting alloys suppliers and scrap. Prices of raw materials are hit by the recession but the supply remains tight.

Decrease in industrial output:

Industrial output decreased during the recession. It went down 3.4% in March 2023. Production in machinery and equipment also fell by 3.4%. Export has correlation with industrial output. Downward industrial output stagnant the economic growth. It can be balanced by outsourcing raw materials or the entire processes from other economies.

Alternative metal casting sourcing which can help stay the industries unaffected:

Alternative sourcing from fast growing major economies like India can prove to be a shock absorber for Germany in this economic downturn. Talking specifically about metal components especially Investment castings, OEMs need to rely on foundries, which is an energy & labour intensive industry. The Indian economy has abundant availability of foundry workers and energy has a reasonable cost. According to a survey report by World Economic Outlook (April 2023) GDP growth in India has been 5.9% in comparison to Germany -1%. This shows the stability and economic absorbance level of the country. According to a report by statista.com energy prices in Germany were at $0.52/KWh (Rs 42.5 per unit) however India’s domestic power tariffs are one of the lowest at $ 0.07 (Rs 5.7). Not only by price comparison but from consumption and production/supply of energy and gas point of view, India stands in a favourable position to shift the sourcing of metal casting. Apart from labour and energy availability there are many other favourable conditions, which makes India the best place for German companies to shift their metal casting sourcing and stay unaffected from the economic downturn. For example, easy and fast logistic connectivity, advanced banking and other infrastructure, etc. make favourable conditions for germany industries to do business with Indian companies. Also, a stable government leads to good diplomatic relationships with countries across the globe. If you are looking to source investment casting from India, Austin Alloy Cast Pvt. Ltd. can help you at any stage from technical consulting to investment casting manufacturing and post manufacturing services. You can find more details on our website or contact on the details given below:

Source:

https://news.yahoo.com/gas-crisis-german-metals-foundry-104403147.html

https://www.fastmarkets.com/insights/european-metal-short-term-buying-uncertainty-2023-preview

https://www.dailysabah.com/business/economy/recession-fears-rise-as-german-industrial-output-slumps

https://www.ft.com/content/d204f3f0-f03e-4c9d-846a-eca425fb48e4

https://www.imf.org/en/Publications/WEO/Issues/2023/04/11/world-economic-outlook-april-2023

https://www.weforum.org/agenda/2023/03/electricity-generation-renewables-power-iea/

https://iea.blob.core.windows.net/assets/255e9cba-da84-4681-8c1f-458ca1a3d9ca/ElectricityMarketReport2023.pdf

https://www.moneycontrol.com/news/power/power-tariffs-in-india-are-one-of-the-lowest-in-the-world-rk-singh-10415291.html