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).
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