The parts being machined now are for projects that have been pushed back 2-3 years! Then what? Not looking good! Don't listen to the propaganda!
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Annual capacity is circa 250XTs, at the optimistic 55... Demand is only 20%. Going by the regular shaving of 20% from demand, utilisation is only at midteens. That will mean significant shutdown of facilities to SURVIVE!! Operator front is not looking any brighter with plenty of bankruptcy looming.
When they say they will ship 55XTs, it usually ends up to be around 40 in reality. Just take 20-30% off their number. They will then make someone the scapegoat and the whole cycle will repeat the next year.