Metalforming Matters

CLEVELAND, OH—June 12, 2015—According to the June 2015 Precision Metalforming Association (PMA) Business Conditions Report, metalforming companies expect little change in business conditions during the next three months. Prepared monthly, the report is an economic indicator for manufacturing, sampling 121 metalforming companies in the United States and Canada. The June report shows that 23% of participants predict that economic activity will improve during the next three months (down from 24% in May), 60% expect that activity will remain unchanged (the same percentage reported last month) and 17% believe that economic activity will decline (up from 16% in May). Metalforming companies forecast a slight dip in incoming orders during the next three months, with 33% predicting an increase in orders (down from 35% in May), 48% anticipating no change (compared to 50% in May) and 19% expecting a decrease in orders (up from 15% last month). Current average daily shipping levels also dec...

Hayley Milloy, Julie Barnes and Ben Taylor have joined the Precision Metalforming Association and Women in Manufacturing teams as part of the PMA/WiM summer internship program. Hayley Milloy is from Rocky River, Ohio and is a recent graduate of Miami University in Oxford, Ohio. She received a Bachelor of Science in Business, majoring in Marketing, and minoring in English Literature. Julie Barnes resides in Akron, Ohio and is a recent graduate of Stark State College of Technology in North Canton, Ohio. She received an Associate’s Degree in Digital Video Media and is attending school again in the fall for Photography. Ben Taylor calls North Canton, Ohio home and will be a senior at Miami University this fall. He is pursuing a degree in Strategic Communications, with double minors in Economics and General Business, concentrating on Media Economics.  Hayley Milloy Marketing & Communications Intern (WiM)  Julie Barnes Videography & Photography Intern (P...

This week, Precision Metalforming Association member company B.L. Duke was ranked 40th in a Crain’s Chicago article featuring an annual summary of Chicago's fastest-growing companies, known as the “Fast Fifty.” The rankings include 50 companies that accomplished notable gains over a five-year period and highlight new companies that appear on the list. The CEOs of potential “Fast Fifty” companies were interviewed by Crain’s to find out how they were able to grow, what they did to improve and how they will continue their success moving forward. B.L. Duke has grown almost 300 percent over the past five years. As an industrial clean-up company, they specialize in the processing of recycled metal, plastic and cardboard refuse, which is then sold to steel mills and plastic manufacturers worldwide. CEO Lou Plucinski attributes their success to a limited loss of business, which is unique in the industry today. He also credits the company’s exponent...