At the end of 2024, Ukrfavorit conducted a blitz survey among its clients to identify the main challenges and achievements of the foundry industry over the past year. Despite the difficulties, the industry remains a key component of the Ukrainian economy, demonstrating stability and development potential.
Despite preserving the achievements of previous years, the market is not standing still. Enterprises are investing in modernization, entering foreign markets, and solving other pressing problems.
Key challenges for the foundry industry in 2024
- Entering foreign markets and finding orders
Most enterprises that previously focused on the CIS market are facing new quality requirements that have become critically important after 2022. Successful entry into global markets requires significant efforts, modernization of production, and reorientation of business models. - Threat of loss of raw material sources
Instability in the supply of materials, such as high-quality molding sand, often causes production delays. The problem of raw material shortages remains one of the key topics of discussion in the industry. - Energy costs
Constant fluctuations in energy prices and the risks of an energy crisis force enterprises to adapt to new conditions: modernize equipment, change production schedules, and implement energy-efficient technologies. - Staff shortage
The most pressing problem in 2024 was providing production with qualified personnel. The shortage of specialists slows down the implementation of new technologies and creates an additional burden on existing personnel.
Solutions already being implemented:
- The Ukrfavorit team has developed a number of strategies to support the industry:
- Supply of high-quality materials and formation of raw material reserves.
- Assistance in entering foreign markets, including production modernization.
- Technical control and implementation of turnkey technologies.
Conclusion
2024 became another test for the Ukrainian foundry industry, but at the same time opened up new horizons for development. Resolving issues with supply, modernization, and human resources are steps that can ensure the stability of the industry in 2025.
A particularly important achievement this year for our team was the large-scale blitz survey, which was carefully developed and successfully implemented by Ukrfavorit. This project allowed us to obtain valuable information about the needs and problems of enterprises in the industry, as well as to form a clear vision of ways to solve them. The survey results not only highlighted current challenges, but also inspired the creation of practical solutions that will help foundry enterprises adapt to new conditions and strengthen their positions in the market.
We urge enterprises not to wait for changes, but to become their driver. The Ukrfavorit team is ready to become your reliable partner in solving production challenges. Contact us – together we will build a stable and promising future for the foundry industry.
How to contact us?
Write to us: info@ukrfavorit.com.ua
Call: 0800 33 92 85 (free of charge).
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Together we move the industry forward!
Press service of “Ukrfavorit”
