Half Year Results 

Castings still hampered by CNC

Castings still hampered by CNC

With the cost of industrial inputs on the rise, financial performance is increasingly dependent on the ability of manufacturers to pass those increases through to customers. This point is again brought home by half-year figures from Castings (CGS), specifically the mainstay foundry business, where profits, although 10.5 per cent to the good, were constrained by “the time lag in passing on raw material price increases”. Nevertheless, incremental improvements in production processes, including increased automation, are having the desired effect on profitability, although the continuing capital commitments linked to this process act as another short-term constraint.

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