Auto News 5

According to Modern Casting magazine's annual survey (www.moderncasting.com), world production of metal castings was expected to exceed 100 million metric tons in 2007, the latest year for which good estimates are available. Industry guru, Kevin Kirgin - founder of Stratecasts Inc., Fort Myers, Fla. - puts 14m metric tons of this production in the United States (US) at a value of approximately $32.3bn. Kirgin says the value is expected to have risen to $34bn in 2008 and will rise to $42bn by 2017. SupplierBusiness reports. Full story...