In 2022 and beyond, Vesuvius is continuing to invest in manufacturing and engineering that helps customers reduce their delivery time and environmental impact, while improving casting quality and production costs
CLEVELAND, June 27, 2022--(BUSINESS WIRE)--As the outlook for the metal casting market is on the upswing in North America, Vesuvius is at the forefront of industry-leading solutions to support the growth of its steel and metal foundry customers throughout the region.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220624005497/en/
NAFTA Vesuvius Foundry leadership team (Photo: Business Wire)
Through its Foseco brand, Vesuvius is investing in manufacturing and engineering initiatives throughout North America that: reduce customer lead time, deliver continued product innovation, and offer sustainable consumables and solutions for customers to reduce their environmental footprint.
"We recognize that the pandemic has impacted the world in unprecedented ways, causing strain on most industries and businesses, including foundries," said Manuel Delfino, Vice President of Vesuvius Foundry Division, NAFTA. "It has also uncovered new opportunities for us to renew our focus on what we do best for our foundry customers — delivering solid innovation, unmatched quality and sustainable engineering. Customers can feel confident knowing we’re continuing to invest in innovative solutions to help reduce their delivery time, improve casting quality and optimize their production costs."
Investment in North American Manufacturing
Vesuvius has made strategic investments to increase its manufacturing capabilities and improve sustainable processes throughout North America to support the region’s foundry customers.
Construction has already begun on a new state-of-the-art manufacturing facility, where 75% of customer demand in North America will be fulfilled beginning in 2023.
Additionally, both the new manufacturing location and existing facilities are being outfitted with updated technology and sustainable initiatives that reduce carbon emissions and improve overall speed and delivery of production processes.
In 2021, Vesuvius Group also made a strategic acquisition of U.S.-based Universal Refractories Inc., which significantly expands its North American presence amongst electric-arc furnace (EAF) steel producers, while further strengthening its commitment to foundry customers in the region.
Leading Industry Innovation
While many industries scaled back on innovative advancements in 2020 and 2021 due to the constraints of the pandemic, Vesuvius maintained its investment in full-scale research and development operations.
In 2021 alone, Vesuvius’ investment in R&D resulted in 27 new products to support the steel and foundry industries, which were made possible through its 200 technical experts and seven research centers across the globe, including the Global Foundry R&D Center.
Today, the company has committed to launching at least one new innovation each quarter to help foundry customers reach unprecedented industry levels of efficiency, productivity and quality.
"With the global backing and support of Vesuvius Group, we’re well positioned to lead the foundry industry in innovation through breakthrough products and processes," said Iuliana Nita, Marketing & Technology Director of Vesuvius Foundry Division, NAFTA. "And as technology continues to be an important factor in streamlining North American foundry operations, Vesuvius is also continuing to explore new ways to integrate continuous data capture into our solutions to give our customers the valuable insights they need."
Sustainable, Forward-Thinking Solutions
Aside from product and technology innovations that help foundries improve their efficiency and productivity, Vesuvius is also committed to industry-leading R&D that helps the company and its customers improve their overall environmental footprint.
In fact, more than 80% of Vesuvius’ products currently in development focus on sustainable solutions to help customers reduce their CO2 output.
This includes the latest SEMCO formaldehyde-free coating, which helps foundry customers reduce emissions of harmful substances generated in the casting process.
Further, the construction of the new regional manufacturing location and upgrades for all existing manufacturing facilities are based on sustainable initiatives to reduce Vesuvius’ environmental impact.
These efforts support the company’s overall commitment to reach a net zero carbon footprint by 2050.
To learn more about Vesuvius and its wide range of foundry consumables and solutions, visit www.vesuvius.com.
Vesuvius is a world leader in the supply of foundry consumables and solutions through its Foseco brand. Vesuvius offers a wide range of foundry products and services to meet the requirements of iron, steel and non ferrous foundries to help them to reduce defects, improve casting quality and optimize production costs. Vesuvius Group operates globally in over 100 countries around the world with headquarters for North America in Cleveland, Ohio.
To learn more, visit www.vesuvius.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220624005497/en/