Messe Düsseldorf North America - Trade Show Daily

International Outlook for the Foundry Industry

Posted by Ryan Klemm on Tue, Apr 13, 2010 @ 14:46 PM

Exhibitor registration opened this past week for one of Messe Düsseldorf’s most long-running and renowned trade shows, GIFA 2011 – International Foundry Trade Fair.  Since 1956 the city of Düsseldorf has played host in convenient proximity to Germany’s industrial heart in the neighboring Ruhr region, which developed rapidly during the industrial revolution with the development of several iron works and to this day remains the crucible of the country’s foundry output.

Perhaps more so than other industries over the past couple of years, the iron and steel industries have been particularly hard hit due to drop in demand for everything from automobiles to household appliances.  Stock markets plunged, financial sources and lending seized up, and capital expenditures and investments tanked.

Astutely reported recently in a leading U.S. foundry industry trade journal, the economic downturn of 2008 and 2009 made it readily apparent that finance and capital were indeed global in nature, and by extension – so has become economic competition. (“2010 Outlook.” Foundry Management & Technology December 2009: 17-20. Print.)

And within the industry there appears to be a growing consensus that to stay competitive and achieve growth, the playing field has now changed.  Surely domestic consumption no longer can be counted on as the solely reliable source for sustainable long-term growth.

The growth opportunities are increasingly in international markets.

GIFA will continue to offer US companies a platform to maintain their prominence and global competitiveness.  Every four years, nearly 800 exhibitors from all over the world present the very latest foundry machinery, plant construction technologies, foundry-related materials, engineering innovations and measurement and testing devices for quality assurance to over 70,000 trade visitors.

GIFA is an international technology forum focusing on the needs of the customers and represents a marketplace for sustainable innovations.  Contact Messe Düsseldorf North America and see the possibilities!

Topics: Germany, international business, Düsseldorf, Exports, International Trade Shows, foundry