Research Handbooks in Business and Management series
Edited by John R. Bryson, Jennifer Clark and Vida Vanchan
Chapter 18: Intermediate manufacturing: profit, dependency and value attainment in supply chains
The intermediate metal processing (IMP) industry manufactures metal components that are incorporated into a range of end-user markets. The industry comprises two principal activities: forging (Standard Industrial Classification (SIC) 2003 code 28.4) and casting (SIC 2003 code 27.5) of metal. Both industries produce a range of metal products, from basic shapes to complex fabrications of multiple components, and for a diverse set of markets and production volumes, from one-off custom products to mass production. The industry plays a critical role in supporting other manufacturing activities, with 51.1 per cent of outputs from the basic and fabricated metals industries (SIC 2003 group codes 27 and 28) used as inputs in further manufacturing (Department for Business Innovation & Skills (BIS), 2010). In addition, IMP firms provide key capabilities and services to United Kingdom (UK)-based manufacturers through the provision of development work, low volume production and customization of components for the automotive, aerospace, marine, construction and engineering markets. These industries are significant contributors to UK exports and value-added products, together accounting for 5.85 per cent of the UK economy’s gross value added (GVA) (Office for National Statistics (ONS), 2011).
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.