EICF Registered Address Change to Brussels recognized


In 2018, the EICF Board of Directors the


uncertainty that the


Brexit issue might bring forward for a European Association. They approved the initiative to change the seat of the association from UK to Belgium under the specific law existing in Belgium for International Non Profit Associations (INPA or AISBL). This complex task has been accomplished thanks to the


cooperation of the different parties involved and specially thanks to the generosity of the 5 Founding Members of the EICF AISBL which allowed a soft landing for the whole change process. During the 16 of October, final meetings (including an Extraordinary General Assembly) from EICF UK organization collected the definitive approval and ratification for the


Industry Trends & EICF IC Market Survey


Investment Casting Industry in Europe has been experiencing a constant growth rate during the last 10 years with different profile within the


different market segments but


with an overall positive trend in most of them. However 2019 has been impacted with a significant decrease within the automotive market segment affecting supply both for passenger cars and commercial vehicles. This has had a knock-on effect on many European foundries working into the automotive market segment which are now reviewing their strategies aiming to increase their diversification. The High added value segment continues to be positive based on the driving force of aerospace demand, whilst the IGT market continue to be stagnated aiming to see some signs of slow recovery.


INCAST Magazine


Cooperation with the Investment Casting Institute has continued during the year 2019 and specially in contributing to the INCAST magazine, “the global magazine for Investment Casting”. EICF members are becoming familiar in receiving the monthly issue and having access to an international broad view of


16 ❘ December 2019 ®


the industry. EICF members are also invited to submit articles of interest for the community. The special numbers devoted to “Casting Buyers´Guide” or the “Foundry Issue” represent updated value information both for Suppliers and Foundries. Year 2020 will see the implementation of members access


to the digital version of the magazine facilitating the dissemination within the members professionals. Since


June 2018 with the


occasion of the 65th anniversary of the formation of the ICI in June 1953 the INCAST magazine is disseminated to stakeholders at both sides of the Atlantic.


The Commercial segment has been experimenting along the year a light slow down which might turn out in a minor decrease at year end. The overall European situation


shows: • EU GDP growth is expected to slow to 1.4% in 2019, before rising slightly to 1.6% in 2020. Despite the expected slowdown in EU economic growth, the labour market outlook remains positive. The unemployment rate is projected to remain relatively low and job creation will continue although at slower rate as the economy will cool down. According to the Commission’s latest estimates, the EU unemployment rate is set to continue its downward trend from 6.9% last year to 6.3% in 2020.


• The near-term outlook for the European is


clouded


economy, by


external


however, factors


including global trade tensions and significant policy uncertainty. These have continued to weigh on confidence in the manufacturing sector, which is the most exposed to international trade, and are projected to weaken the growth outlook.


• Overall fair conditions for investment casting companies are anticipated due to the domaining Market Segments present in the European IC industry


In support of the substantiation of the EICF Market studies, members are kindly requested to support the market surveys launched by the EICF.


transfer, together with the first meeting of the renovated board of Directors of the EICF AISBL. The new seat of the EICF is located in Brussels (Rue Washington, 40) at the MAI (Maison


des Associations


Internationales). Those facilities are open to any EICF members which might need to organize a meeting or a business encounter in Brussels.


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