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June 2018 Chairman’s Report

Executive Summary for the Second Quarter of 2018                                   Date: 30/05/2018

 

The last quarter was slow for Canadian Mould Makers and the softening was wide spread but this was coming off of 5 strong quarters. Our expectations are changing for 2018 we no longer see a strong 2018 but stable based on continued strength in the US economy and the Automotive sector is soft for reinvestment. The US shops are slow, and the European shops are still busy. The auto industry experts are predicting investments into 2018, although less projects are on the list for release going forward measured against 2016 & 2017.  We are changing our predictions from growth for 2018 to stable and slower and reducing demand for 2019, 2020 for the mould industry. Signs of less investment, less new programs for 2020 and declining numbers continuing into 2022.   – read more      June 2018 Chairman’s report

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