U.S. manufacturing in the new tech age has brought with it many advances for those involved in the industries of metal stamping and hydroforming.
However, at the same time, it has continued to hinder growth across many industries, even though the dollar is strong, and the cost of oil per barrel is low.
For example, in states where manufacturing is intrinsically linked to automotive industry (like Ohio), there has been a strong showing, perhaps because of the industries tendency to diversify.
In Cleveland, according to a recent news article related to Cleveland manufacturing, companies like TimkinSteel Corp. and City Plating have been steady on the rise over the last few years.
As TimkinSteel Corp. spokesman, Joe Milicia, said in an email:
“We are feeling the effects of a strong dollar and a U.S. rig count that’s down more than 50-percent.”
So while many industries (in every state — not just Ohio) can pinpoint successes and failures throughout the year, the truth is that not every company sees a strong dollar as a bounty for growth.
Is hydroforming different?
Yes. Absolutely, in fact.
For those in the metal stamping and hydroforming industries, opportunities are abound. From things like LED and solar manufacturing in Ohio to automotive and aerospace in the Midwest, metal stamping and hydroforming adapt and advance.
Which, as the numbers will attest, prove that business is booming, and growth this year will lend to additional growth in the following years.
By continuing to focus on high-growth markets, hydroforming and metal stamping thrive in spite of negative factors that pervade other industries.
One could say that, growth is a slow-grind, but as long as there is formidable planning and need, manufacturers in the hydroforming sectors are verging on recession-proof.
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