Time to Pursue Price Increases From Customers?

November 10, 2021

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MF mag

Time to Pursue Price Increases From Customers?
Company owners, chief executives and their top-tier managers have had to make a lot of tough decisions in recent months, and seemingly will for some time. There is no such thing as “business as usual.”

With manufacturing wages and material costs rising, perhaps it’s high time to pursue price increases from newly negotiated purchase orders from your customers.


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September a Solid Month for Machine Tool Orders
Orders of new manufacturing technology totaled $590 million in September 2021, according to the latest U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology. That total represents a 9-percent increase over August 2021 orders and nearly a 60-percent increase over September 2020. Year-to-date orders in 2021 total $4.115 billion, a 53-percent increase year over year.


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Get standard 4-pin die sets now! We stock 4-pin friction, ball bearing, and open sets – all available for immediate order and shipped to you fast. Our components are also available for easy online ordering anytime at: www.supercomps.com





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Managing Company Culture: Focus on ‘We,’ not ‘Me’
That’s the message from Mary Fitzgerald, president and CEO of Acme Wire Products, Mystic, CT, as she shares her management philosophy and best practices with Brad Kuvin, MetalForming magazine’s editorial director.

“How you treat people is more important than how you look,” she offers, describing her takeaway from “Use What You’ve Got and Other Business Lessons I Learned from My Mom,” a book by Barbara Corcoran. “Always make your bed—i.e., be organized and follow a process to achieve the best possible results.”


Simpac video
WATCH:
EVs and Extended Reality Technology for the Pressroom
 
 
Join MetalForming magazine editorial director Brad Kuvin as he meets with Stephan Robertson, Simpac America’s general manager and vice president of sales and operations, during FABTECH 2021. Robertson discusses the firm’s new XR (extended reality) technology, the electric-vehicle revolution and its impact on metal stampers, and the important role that equipment OEMs play in providing service and support to metal stampers.

November 16-18: Virtual IoT Experience for Manufacturers Set for November
The Precision Metalforming Association and MetalForming magazine deliver what metal formers and fabricators need to know to successfully leverage emerging IoT (Internet of Things) technology during the IoT Experience for Manufacturers, a virtual event scheduled for November 16-18.

Floor supervisors, manufacturing engineers and managers, IT directors, and others working in small to midsized metal forming and fabricating plants should tune in to learn more about the coming wave of digital manufacturing and plant-floor connectivity.

Newcomb Spring of Colorado Moves to New Location in Denver
Alpharetta, GA-based Newcomb Spring Corp. has moved its Colorado plant to a new location in Denver; operations at the new facility began on October 4. The 41,600-sq.ft. facility nearly doubles the plant’s size, increasing its production capabilities, providing faster turnarounds, reducing costs, and delivering a more diverse array of manufacturing and secondary operations. The firm also made a capital investment of $275,000 in additional CNC machinery.

Discounted Rates for Stamping Conference Available Through December 18
PMA and MetalForming magazine’s Metal Stamping and Lubrication Technology Conference is heading to Cincinnati, OH, on January 18-19, 2022.

Hot Off the Press
United Performance Metals Launches New Corporate Website
Acme Alliance Wins 2021 National Metalworking Reshoring Award
Great Designs in Steel 2022—Call for Presentations
Robot Orders Explode in Q2
Dallas Industries Acquires Coil-Feed Business Unit of U.S. Machine Co.


November 2021
From the November Issue of MetalForming
Opportunities Outweigh Apprehension When Forming New Metal Alloys
One way to seek-out manufacture of value-added stampings is to target those parts formed from advanced metal alloys, such as high-strength steels or aluminum and stainless-steel grades. Doing so effectively requires understanding how stamping these grades differs compared to your current approach.
 
The (State of the) Art of Plasma Cutting
Rae Ripple cuts anything and everything to produce art pieces, signage and much more, relying on new technology such as a one-piece consumable cartridge in her plasma-arc-cutting torch, to get the job done.




New Products
Emission-Free Forklift for Work Inside and Out
Pepperl+Fuchs Debuts Ultrasonic Sensor for Safety Applications
Hexagon Debuts Open-Platform Software to Enable Robotic Inspection

Upcoming Issues
December
  • Mechanical Presses
  • FABTECH Wrapup
  • Women of Excellence Awards
  • Preview: Metal Stamping and Lubrication Technology Conference
  • CNC Punching/ Tooling
  • Arc Welding
  • Enewsletter Focus: Pressroom Automation
January/February 2022
  • Industry Outlook
  • Servo Technology
  • Laser Cutting
  • Resistance Welding
  • Technology and Enewsletter Focus: Software
February—Special All-Automotive Issue
  • Automotive/EV Stamping and Fabricating, including stamping of AHSS
  • Preview: Great Designs in Steel
  • Technology and Enewsletter Focus: Presses


MetalForming magazine is the official publication of Precision Metalforming Association.
PMA Services Inc.


Industry-Related Terms: Alloys, CNC, Coat, Die, Forming, LASER, Ultrasonic, Viscosity
View Glossary of Metalforming Terms

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