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Manufacturers Optimistic Despite Stumbling Economy

Wednesday, February 20, 2008
 
Small and mid-sized manufacturers exhibit optimism regarding the economy in 2008, and most plan significant capital improvements during the year, according to a January survey conducted by the Chicago, Il-based Prime Advantage, a manufacturers’ buying group. Nearly half of its members (46 percent) list raw materials (including stainless steel, nickel and copper alloys and plastics) as their primary concern for the year, with energy costs ranking second (17.5 percent) and costs related to logistics and supply-chain management running a close third (16.4 percent). Rounding out the list of concerns: inflation, labor, foreign competition, overhead costs and healthcare costs.
The survey also finds that more than half (66 percent) of Prime Advantage member companies plan significant capital improvements in 2008, including investments in new press brakes, turret punch presses, laser-cutting machines, robotic-welding cells and metal-stamping equipment. This finding is supported, the group says, by findings from the Business Roundtable’s CEO Economic Outlook survey for the fourth quarter of 2007, in which CEOs predicted a 35-percent increase in capital spending during the first six months of 2008.
Learn more about Prime Advantage and its more than 450 member companies and 110 endorsed suppliers, at www.primeadvantage.com.

Buffalo Stamper Welcomes 1000-Ton Mechanical Press

Tuesday, February 19, 2008
 
P&G Steel Products, Buffalo, NY, has added a 1000-ton mechanical transfer stamping press to its pressroom. The press has a bed size of 120 by 48 in. and will operate in line with a heavy-duty Sesco feed line with sheet-thickness capacity of ½ in. Also on the way to the facility is a 46-in. double-spindle vertical grinder. The equipment additions will help P & G, a metal stamper with more than 25 presses, robotic-welding cells and CNC production-machining capabilities; satisfy requirements for a 4-yr. agreement with a new customer. Learn more at www.pgsteel.com.

Buffalo Stamper Welcomes 1000-Ton Mechanical Press

Tuesday, February 19, 2008
 
P&G Steel Products, Buffalo, NY, has added a 1000-ton mechanical transfer stamping press to its pressroom. The press has a bed size of 120 by 48 in. and will operate in line with a heavy-duty Sesco feed line with sheet-thickness capacity of ½ in. Also on the way to the facility is a 46-in. double-spindle vertical grinder. The equipment additions will help P & G, a metal stamper with more than 25 presses, robotic-welding cells and CNC production-machining capabilities; satisfy requirements for a 4-yr. agreement with a new customer. Learn more at www.pgsteel.com.

 

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