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Tuesday, June 30, 2015

PMA’s June Business Conditions Report

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 declined slightly in June. Thirty-five percent of participants report that shipping levels are above levels of three months ago (compared to 36% in May), 41% report that levels are the same as three months ago (down from 43% last month) and 24% report a decrease in shipping levels (up from 21% in May).

The percentage of metalforming companies with a portion of their workforce on short time or layoff dropped to 7% in June, down from 9% in May. The June 2015 figure is similar to this time last year, when 8% of companies reported workers on short time or layoff.

“PMA’s June Business Conditions report reflects ongoing concern that we are mired in a slow-growth, strong-dollar period, subject to significant risk of an extended period of underperformance vs. expectations,” said William E. Gaskin, PMA president. “Current and near-term expectations for orders and shipments reported by members are significantly less robust than expectations of four to six months ago, and modestly lower than they were one year ago. Metalforming companies supplying the automotive industry continue to ship at strong levels, but many other markets have softened and are flat or declining modestly, with heavy equipment, agriculture/off-highway, and oilfield business continuing to slow. Political leadership in Washington, D.C., has failed to rally support to address tax reform for corporate and pass-through entities, so U.S. manufacturers are paying higher taxes than their global competitors. And costs of regulatory compliance are set to grow significantly based on pending greenhouse gas and ozone regulations.”

Monday, June 22, 2015

Meet our Interns!

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
Julie Barnes
Videography & Photography Intern
Ben Taylor
Marketing & Communications Intern

Q: What is a fun fact about you?

Hayley: I have 10+ nicknames.  They range from things like “krunk money” “hoopla” to “hootie.” They’re very random and I don’t know why I have them (or so many) but I do.

Julie: I am a triplet. We are all girls with blonde hair, blue eyes, and we were born a minute apart. I am the oldest of the three.

Ben: I studied abroad in Southeast Asia this past January and visited Vietnam, Cambodia, Thailand and Hong Kong. It was unreal.

Q: Where do you see yourself in 5 years? What is your dream job?

Hayley: I would love to be living in a city and working at a marketing firm where I can bring my dog to work every day (I’m getting a Corgi the second I have my own place).

Julie: My dream job would be to work on AMC’s The Walking Dead. I have a great appreciation for the show for its cinematography and phenomenal makeup. In 5 years, I’m hoping to obtain a Bachelor’s Degree in Film for television productions or feature films and/or start my own production business.

Ben: My dream job would be to work for the Browns, Cavs, Indians or any other professional sports organization. I also would love to work at ESPN or Turner Sports.

Q: What is your favorite genre of music? What/who have you been listening to lately?

Hayley: I don’t really have a favorite genre, but I do have a favorite Pandora station, ‘Summer Hits of the 90s’.

Julie: I love listening to scores (movie sound tracks) from my favorite films. My favorite time period for music is the 20’s to 50’s. Frank Sinatra and Peggy Lee are my favorite.

Ben: It depends. I like any kind of music as long as it isn’t dubstep.  During the summer I prefer country, and in the winter I prefer rap. Lately I have been listening to a lot of country, as well as Drake and J Cole.

Q: What are your all-time favorite, and/or current favorite TV shows?

Hayley: Friends and Seinfeld are my favorite. I don’t really like shows that I have to watch consecutively to know what’s going on. I’m horrible at keeping up with shows!

Julie: My favorite TV shows are The Walking Dead, Star Crossed, The 100, Terra Nova and Revolution.

Ben: I was a huge fan of Breaking Bad a couple years ago, but nowadays I like to watch The Office or Family Guy. However, Sportscenter is always my go-to.

Q: If you could have dinner with anyone throughout history, who would it be with?

Hayley: Audrey Hepburn

Julie: If I could sit down with anyone, I would choose James Cameron. He is the writer, director, co-producer and co-editor of Titanic and Avatar. I think it would be interesting to sit and talk with him because he has made some of the greatest movies of all time, and I would want to learn from him and acquire advice on how to be great in filmmaking.

Ben: LeBron James. I’ve looked up to him ever since his high school days (minus the Heat days) and it would be awesome to pick his brain.

Hayley, Julie and Ben are excited to learn and grow as interns of PMA and WiM. Welcome aboard! 

Wednesday, June 10, 2015

PMA Chicago District Company Named to Crain’s Chicago “Fast Fifty” List

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 exponential growth to a number of factors, one of which is the company's transition from a trucking company to an industrial clean-up operation. Recently, the company recycled 85 decaying Chicago Transit Authority rail cars and recovered a damaged construction barge from the bottom of the Chicago River.

B.L. Duke’s “Fast Fifty” ranking represents the global influence of PMA member companies. B.L. Duke's commitment to running a streamlined supply chain has helped them become recognized as one of the fastest growing companies in Chicago. Staying consistent with their mission will help them maintain success and continue to grow in the future.

For information about the Precision Metalforming Association Chicago District, click here.

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