Hot off the Press


 

SHARE:  

Metalforming Capital Expenditures Projected to Increase

Metalforming Capital Expenditures Projected to Increase

Tuesday, March 13, 2007
 
The 2007 Precision Metalforming Association (PMA) Capital Spending Report reveals that metalforming companies project higher capital expenditures this year. Conducted annually, the report forecasts manufacturers’ plans for capital investment, sampling 81 metalforming companies in the United States and Canada. Forty-six percent of responding companies anticipate that their 2007 capital expenditures will exceed 2006 expenditures; 22 percent report that their 2007 budgets are unchanged; and 28 percent indicate that their capital-spending budgets are lower for 2007 than 2006. On average, companies plan to spend $792,616 on capital expenditures this year—a nine-percent increase compared to the $717,692 spent in 2006. Strong investments are forecasted in automation, controls, mechanical presses, press-safety equipment, robotics, software, toolroom equipment and welding equipment. Metalformers plan to make the largest share of their capital expenditures early in the year, as $25.4 million is projected to be spent in the first and second quarters, and $24.3 million in the third and fourth quarters.

 

Visit Our Sponsors