Castings PLC (LSE: CGS) manufactures and sells castings and engineering components primarily for the commercial vehicle, automotive, energy, and construction sectors. The company produces a range of products including cylinder heads, suspension components, and diesel engine castings through its subsidiaries; these encompass iron castings such as brake carriers and axle housings under the William Cook brand, steel castings like suspension links and steering knuckles under the Fenton & Fletcher brand, and precision forgings for off-highway vehicles and energy applications under the Vanguard brand. It offers machining services and value-added engineering solutions to support these core offerings.
Founded in 1985 and headquartered in Stafford, United Kingdom, Castings PLC operates primarily in the United Kingdom with additional facilities in Europe, serving original equipment manufacturers and tier-one suppliers in its target markets. The company focuses on high-quality, safety-critical components that meet stringent industry standards for durability and performance. Its business segments include specialist engineering products and general engineering products, with a strong emphasis on the heavy truck, agricultural, and power generation industries.
In recent developments, Castings PLC completed the acquisition of the precision forging business from VDM Metals Group in 2024, expanding its Vanguard subsidiary's capabilities in high-performance forgings for energy and off-highway applications. The company also secured a multi-year supply agreement with a major commercial vehicle OEM in late 2024, enhancing its order book and revenue visibility amid supply chain stabilization. Additionally, Castings PLC announced investments in sustainable manufacturing processes at its UK facilities in early 2025 to reduce emissions and align with industry decarbonization goals.