Time to Pursue Price Increases From Customers?
November 10, 2021
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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WATCH:
EVs and Extended Reality Technology for the Pressroom |
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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. |
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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. |
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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. |
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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
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MetalForming magazine is the official publication of Precision Metalforming Association. |
PMA Services Inc. |
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