The activity of the foundry industry collapsed 11.3% year -on -year in Julywhile the installed capacity (firm orders) and the demand retreated at their lowest level so far this year.
The last report of the Camera de Industrial Fundadores de la República Argentina (figure) registered a decrease in demand below the average (less than 50%) to 43.10%, with falls both in the domestic market and in exportsand with A profitability in decline for most companies. Meanwhile, the use of installed capacity retreated 44.80%.
The external demand was 36%, 12 percentage points below the average of the last year (48%). In turn, companies estimate that it could be placed forward by 41%.
As for employment, The relay showed that 51.7% of the companies kept their staff endowment in that month31.0% reported a slight reduction and 17.2% a more marked decrease, while no increases in employment levels were recorded.
On the other hand, in terms of the profitability of the sector, 50% of companies reported a significant decrease30% a slight reduction and 20% indicated that their margins remained stable, without increments in this indicator.
83% of cast iron companies do not export their products
The foundry industry is mainly concentrated in the province of Buenos Aires, Cordova and Santa Fe. In most cases they compose it companies SMEs And they are characterized by being family management, of which 82.8% do not export, 6.9% are in the process of exporting and Only 10.3% export.
The demand is distributed in agricultural machinery (38.2%); Automotive and utilitarians (35.0%); tractors and road machinery (30.0%); Oil & Gas (28.5%); Mining (27.1%) and Serurgy (24.5%), among the main levels. These are followed by energy generation (22.5%); machines, tools and electrical elements (20.0%); and matrix and molds (19.2%); the naval industry (12.0%); and appliances (7.5%).
Source: Ambito