According to an analysis of financial statements by Assofond, the industry was already showing some troubling signs in FY2019. Capitalization rates though remain high. The foundry sector closed out FY2019 at a standstill in terms of overall productivity, as measured by the ROE ratio, which takes into account all economic and equity elements. Up until FY2018, the growth of net equity generally took place as a function of the expansion of profits. However, over the last year, foundries have found a way to address the loss of net equity by setting aside profits during more profitable years, and continuing to bolster their equity position, including through an infusion of new capital. The capitalization rate, in fact, stayed at an optimal level.
LAST NEWS
Offices closed on April 25 and 26 and May 1
Our offices will be closed on Thursday, April 24 and Friday, April 25 on the occasion of Liberation Day and Wednesday, May 1 for Labour Day.
New high energy efficiency suction filter
An innovative suction filter for the core forming machine recently went into operation in our plant; it is a device designed with state-of-the-art features to optimize operations and reduce environmental impact. With a capacity [...]
A new mixer in foundry
A few days ago a new machine was put into operation in the foundry. It's a double-arm continuous mixer with a capacity of dispensing sand and reagents from 20 to 60 t/h. It's mounted [...]
The global production of castings dropped in 2020
Although the health emergency caused by the Covid-19 epidemic has had a major impact on all countries, with some very restrictive measures implemented to contain the pandemic and blocks on production, according to the latest [...]
Energy efficiency and efficiency titles
The search for sustainability is one of the cornerstones for any company that wishes to adapt to efficiency standards both for the use of raw materials and for energy resources. Current trends reward companies that [...]
People: the heart of projects and innovation
The fear that machines may one day replace people within the company runs through the entire history of technological innovation from the very beginning until today. Looking at the past, however, it is clear that [...]
