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Friday, July 26, 2013

PMA Member Pens Op-Ed, Stands Up for Small Businesses and Manufacturers

As a trade association representing nearly 900 companies in the metalforming industry of North America, we are always proud to highlight the many achievements and accomplishments of our member companies.

Joe Szydlo, a machine operator,
works the single hit punch press at Automation Tool & Die Inc.
in Brunswick in October 2011. (Photo: Plain Dealer)
And when one of our individual member companies stands up and advocates for the industry as a whole, we are even more proud. That’s why we chose to focus our blog today on an op-ed in the Cleveland Plain Dealer written by Randy Bennett, co-owner of PMA-member Automation Tool & Die. Randy was joined in authoring the article by Dave Sattler, president of Sattler Companies Inc.

Randy’s article, published today in the major Ohio news outlet, called for legislators in Washington to respect manufacturers as the backbone of our communities while they debate the future of comprehensive tax reform.

Automation Tool & Die, a Brunswick-based company, employs 71 workers and provides tool and die and metal stamping services to customers in the automotive, industrial hardware, and other industries. And, because the company is structured as a C Corporation, Automation Tool & Die pays both corporate taxes and individual taxes. These double taxes make it extremely hard for many small businesses to stay competitive, and increasing focus on corporate tax rates could make this issue even worse.

While Randy acknowledges the absolute need for tax reform, the purpose of the article is to make sure that reform does not leave “America’s small businesses in the rearview mirror.” By ensuring that tax provisions that help small businesses operate in a competitive industry are included in the new tax system, Congress can help the 12 million manufacturers employed in the United States drive our economy forward into the future.

We applaud Randy for his contribution and hope Congress listens to the wisdom of his words. Additionally, we will be monitoring the tax reform issue and will provide periodic updates on this blog as new issues emerge.

You can read the full op-ed here.

What do you think about comprehensive tax reform? What provisions are most vital to your company’s success? Let us know by leaving a comment below.

Tuesday, July 23, 2013

PMA and MetalForming Magazine Conference on ERP Software

ERP software is changing the way companies do business.  ERP, enterprise-resource-planning, programs compile all of a company's data and processes into one system, an effort that saves time and money.

Interested in learning more about how your business could benefit from ERP software?  Check out the PMA and MetalForming Magazine event on the technology in a few months in Cincinnati.  Read more in the press release below.

PMA and MetalForming Magazine to Hold Conference
on the Latest Developments in ERP Software
   
CLEVELAND, OH—July 23, 2013—The Precision Metalforming Association’s (PMA) flagship publication, MetalForming magazine, announces The Manufacturing ERP Experience, a conference that will provide information on the industry’s leading enterprise-resource-planning (ERP) software systems for small to midsized manufacturing companies.  The event is scheduled for October 8-9, 2013, in Cincinnati, Ohio.

Modern ERP systems have changed how companies do business.  By integrating all of a company’s data and processes into a unified system, ERP software allows companies to be more cost- and time-efficient.

Participants will learn the latest developments in ERP software at this timely and focused 1.5-day event.  The program includes:

  • Software demonstrations from leading suppliers, including Epicor, IQMS, Plex Systems, ECi Software Solutions, NetSuite, and Global Shop Solutions.
  • Case-study presentations describing successful software-implementation projects.
  • Keynote presentations from respected, knowledgeable experts on ERP-software implementation strategies, vendor selection, training and other critical topics.  Speakers include Cindy Jutras, founder of Mint Jutras, an independent research-based consulting firm that specializes in analyzing the business impact of enterprise applications; Eric Kimberling, managing partner of Panorama Consulting Solutions, a consulting firm with expertise in ERP software selection and implementation; and Peter Pearce, a partner with Baker Tilly, leading the firm’s Enterprise Business Systems practice.

Registration fee is only $199 for PMA members and $249 for nonmembers.  Visit www.metalformingmagazine.com/erp for complete program details and online registration.  Please contact Marlene O’Brien at 216-901-8800 or mobrien@pma.org with questions.

PMA is the full-service trade association representing the $113-billion metalforming industry of North America—the industry that creates precision metal products using stamping, fabricating, spinning, slide forming and roll forming technologies, and other value-added processes.  Its nearly 900 member companies also include suppliers of equipment, materials and services to the industry.  PMA leads innovative member companies toward superior competitiveness and profitability through advocacy, networking, statistics, the PMA Educational Foundation, FABTECH and METALFORM Mexico tradeshows, and MetalForming magazine, which reaches more than 53,000 readers every month. 

Thursday, July 18, 2013

PMA Releases July Business Conditions Report

We released our monthly business report today showing that metalforming companies expect a slight dip in business conditions over the next three months.   PMA has issued the monthly Business Conditions Report since 1979 and for the past 34 years it has been used to take the pulse of manufacturing in the US by both policymakers and the news media.

The full PMA Business Conditions Report results are available here.  

Our press release providing a summary of the report is below:

Business Conditions Report: July 2013

Thursday, July 18, 2013

For more information, please contact Christie Carmigiano

According to the July 2013 Precision Metalforming Association (PMA) Business Conditions Report, metalforming companies expect a slight dip in business conditions during the next three months.  Conducted monthly, the report is an economic indicator for manufacturing, sampling 124 metalforming companies in the United States and Canada.

The July report shows that only 22% of participants believe that economic activity will improve during the next three months (down from 28% in June), 63% predict that activity will remain unchanged (compared to 59% in June), and 15% forecast that activity will decline (compared to 13% in June).
Metalforming companies also expect a slight decline in incoming orders during the next three months, with 28% anticipating an increase in orders (down from 31% in June), 53% predicting no change (compared to 52% last month) and 19% expecting a decrease in orders (up from 17% in June).

Average daily shipping levels decreased in July.  Twenty-six percent of participants report that shipping levels are above levels of three months ago (down from 32% in June), 44% report that shipping levels are the same as three months ago (the same percentage reported in June), and 30% report a decrease in shipping levels (up from 24% in June).

The percentage of metalforming companies with a portion of their workforce on short time or layoff dropped to 9% in July, down from 12% in June.  The July figure is the lowest it has been since April 2012, the last time only 9% of metalformers reported workers on short time or layoff. 

“Softness in orders and shipments reflected in this month’s survey are confirmed by PMA’s control group of companies who report their orders and shipments on a monthly basis,” said William E. Gaskin, PMA president.  “Year-to-date shipments for the first half of 2013 are down 4% compared to 2012.  When comparing this year to last, there was strong momentum built up for Q-1 shipments in 2012, which then leveled out during Q-2, and generally declined through the second half of the year.  In 2013, we saw a sharp uptick in January, then very modest upward trending in shipments during the subsequent months.  The automotive market, which comprises just under half of the shipments of PMA member companies, has provided the most strength year-to-date.”

PMA is the full-service trade association representing the $113-billion metalforming industry of North America—the industry that creates precision metal products using stamping, fabricating, spinning, slide forming and roll forming technologies, and other value-added processes.  Its nearly 900 member companies also include suppliers of equipment, materials and services to the industry.  PMA leads innovative member companies toward superior competitiveness and profitability through advocacy, networking, statistics, the PMA Educational Foundation, FABTECH and METALFORM Mexico tradeshows, and MetalForming and Fabricating Product News magazines.

Tuesday, July 9, 2013

Welcome to the Metalforming Matters Blog

Bill Gaskin,
PMA President
Hello!  Welcome to the Metalforming Matters Blog, powered by the Precision Metalforming Association (PMA)!

PMA is the full-service trade association representing the metalforming industry of North America.  If you're wondering why metalforming matters, let me tell you this: Metalforming is the industry that creates precision metal products using techniques like stamping, fabricating, spinning, slide forming and roll forming.  Our industry amounts to $113billion in North America and our members' products are present in a wide array of industries.  Just check out the chart at the bottom of this post.

PMA was launched in 1942 in Cleveland and we celebrated our 70th anniversary last year.  Though times have changed, we have maintained an unwavering commitment to supporting innovative member companies toward superior competitiveness and profitability.

Manufacturing is growing in this country and our industry is proud to be a part of that resurgence.

We will use this blog to discuss the latest industry news, share stories of success and remind readers that Metalforming Matters!



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