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® INTERNATIONAL MAGAZINE OF THE INVESTMENT CASTING INSTITUTE


JANUARY 2018 Volume XXXI Number 1


JANUARY 2018 2018 INVESTMENT CASTING INDUSTRY Forecast


Investment Casting Institute


www.investmentcasting.org


Inside: Annual Spring Management Meeting Preliminary Agenda


Industry Reports: World Report North America Europe Japan China India


Armil, Inc. Celebrates


50th Anniversary


Volume XXXI Number 1


CONTENTS Editor Erin Almaleh


Executive Director Joseph E. Fritz


BOARD OF DIRECTORS


President Frank Lysiak


Kovatch Castings, Inc. Vice President


Timothy Sullivan, Esq. Hitchiner Manufacturing Co., Inc.


Past President Brad DeSplinter TPM, Inc.


Cliff Fischer Wisconsin Precision Casting


Russell Gallagher Bescast, Inc. Michael Hascher


Eagle Engineered Solutions


Michael Hendricks Ransom & Randolph


John Marcin Pratt & Whitney Julie Markee


Key Process Innovations Nipendra Singh


S&A Consulting Group LLP Al Torok


Yamaha Marine Precision Propellers, Inc.


Ty Ueland SeaCast, Inc.


Investment Casting Institute


136 Summit Ave., Montvale, NJ 07645-1720


Phone 201-573-9770 Fax 201-573-9771 Email: ealmaleh@ investmentcasting.org


www.investmentcasting.org


Inside ICI 4 2018 Spring Management Meeting Keynote: Motivate Your Team! 6 2018 Spring Management Meeting Preliminary Agenda 8 2018 Technical Conference & Expo Booth Space is SOLD OUT!


Forecast Articles 10 World Investment Casting Market Review 2017 12 Investment Casting 2017 Market Performance and Outlook: N.A. 14 European Investment Casting Market Review 2017 16 The Trend of the Japanese Investment Casting Industry 18 Investment Casting Industry in Chinese Mainland


20 Investment Casting Industry in India


Member Profi le 24 Armil, Inc. Celebrates 50th Anniversary


Feature Article 24 5 Keys to Attracting and Retaining Employees


Product Spotlight 26 Biggest Slurry Tank in the World? Gigantic Technology Challenge


Case Studies 29 Investment Casting and Additive Manufacturing Provide Signifi cant Time and Cost Savings


29 Stainless Steel Marine Casting Realizes Cost Savings


Legal Ease 30 New Year Workplace Resolutions


Departments 32 The Revenue Growth Habit 33 Industry News 35 Classifi eds / Ad Index


SUBSCRIPTION RATES FOR PRINT COPY: $75 per year for U.S. and Canada, $105 per year for international. $9 for back issues. www.investmentcasting.org/subscribe


POSTMASTER: Send address changes to INCAST Corporation, 136 Summit Ave., Montvale, NJ 07645-1720. INCAST, published monthly by INCAST Corporation, a subsidiary of the Investment Casting Institute, is the news magazine of the investment casting industry worldwide. It is written for the investment casting industry, its casters, suppliers, designers, specifi ers, buyers and managers intimately involved with the investment casting process, as well as to members of the Investment Casting Institute. ISSN # 1045-5779.


Contributions of articles to INCAST are welcome, but the right is reserved to select material to be published. Publication of any article or statement is not to be deemed an endorsement of the views expressed therein, nor shall publication of any advertisement be considered an endorsement of the product or service involved.


Copyright Reserved: Neither the Institute nor its offi cers accept any legal responsibility for information, advice given or opinions expressed.


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