Manufacturing Benchmarking: North American Companies Face Challenges

September 18, 2024

September 18, 2024

Welcome to MetalForming Automotive, where you’ll find a variety of news and information from this quickly evolving industry, including links to the latest information from our industry partners: AISI, Automation Alley, CAR and MEMA (formerly OESA).

Please share any questions or comments by emailing editorial director Brad Kuvin.

A recent benchmarking study from Harbour IQ, powered by Wipfli Manufacturing, finds that on average, study respondents expect revenue to decrease 3.4% from 2023 to 2024, with 86% expecting profits to decline or be flat during that same period. Capacity utilization remains low (55%) for production operations–stampers, die casters and plastic processors–and for tooling suppliers (71%).

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Hot Stamping Experience and Tech Tour Lands in Charleston, SC

MetalForming magazine and the Precision Metalforming Association are proud to deliver this one-of-a-kind event, November 2021, 2024, that provides a unique opportunity to dive deeply into the ever-expanding world of hot stamping. In addition to several technical presentations, attendees will tour the Nucor Steel Berkeley mill in Huger, SC, to view the production of a variety of steel products. Featured: low-carbon EAF steelmaking via tours of the melt shop, caster and hot mill.

The Rise of Automotive Manufacturing in Mexico

Forbes reports: The thriving Mexican automotive ecosystem, (which) includes a healthy complement of suppliers and ancillary businesses … has helped Mexico become the world’s seventh-largest passenger-auto-manufacturing hub as of 2023, with 1 million Mexico-based auto workers producing 3.5 million gas- and electric-powered units.

Nominate Your Best: Women of Excellence in Metal Forming and Fabricating 2024

In conjunction with PMA and the Women in Manufacturing Association, MetalForming is seeking nominations for our 9th Annual Women of Excellence in Metal Forming and Fabricating Awards, designed to recognize and promote the importance of women working in the metal forming and fabricating industries.