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IndustryNet Blog

Posted by IndustryNet
The Commerce Department reported this morning that real gross domestic product (GDP) rose at a revised annual rate of 1.2% in the 1st quarter of 2017. This follows an initial estimate of 1st quarter GDP growth reported by the of just 0.7% reported at the end of April.

Although the 1.2% increase in GDP paints a better picture than previous estimates, it still lags behind the 2.1% growth reported in the last quarter of 2016, and is the worst GDP reading since the first quarter of last year, in which U.S. GDP rose just 0.8%.

The BEA�s revised figure is based on an increase in nonresidential fixed investment and greater consumer spending, though these figures were offset by a decline in private investment.

Current-dollar GDP rose 3.4% in the first quarter of 2017, according to the BEA, amounting to a $158 billion increase, compared to a 4.2%, or $194 billion increase in the 4th quarter of 2016.

Gross domestic income rose by nearly one percent, following a 1.4% decline in the fourth quarter of 2016, according to the Commerce Department. Gross private investment rose 4.8%, with a notable rise in equipment investment of 7.2%.
Posted by IndustryNet
The U.S. packaging industry, which comprises packaging for consumer products as well as industrial machinery, continues to show resilience, according to IndustryNet. As packaging companies across four different regions reported strong growth, packaging containing flexible materials stood out. Data further suggests that U.S. manufacturing is still in the midst of an economic rebound.

IndustryNet's data shows that overall the U.S. packaging industry has grown 4.6 percent over last year. Total average yearly sales in the U.S. packaging industry exceeded $26.3 billion. As 2017 moves forward, experts at IndustryNet anticipate sales growth to remain strong.

Domestic distribution rose 70 percent while international distribution rose 29 percent, by comparison, suggesting that U.S. packaging companies have pivoted to provide more services within the U.S..

Taking a deeper dive into the data, packaging machinery sales inched up 1 percent. Sales at flexible packaging companies rose by as much as 23 percent, and packaging automation equipment skyrocketed 31 percent.

The cost benefits of sustainability and recyclability are two reasons why packaging companies have reported such strong growth. In fact, the market for reusable, green packaging is expected to exceed $274 billion by 2020.

Sales growth of this magnitude provides a key point of reference when analyzing the health of U.S. manufacturing. Overall, manufacturing output is at an all-time high in the U.S., a recent article by Forbes reported. Sales growth in U.S. packaging coincides with this trend.

Posted by IndustryNet
According to a report released this morning by MNI, researcher and compiler of the extensive U.S. manufacturing data that powers IndustryNet, Mississippi lost manufacturing jobs for the first time in four years, led by a 2.2% loss in the transportation equipment industry. Although this year's loss amounted to a slight half percent decline (1,046 jobs), it stands in contrast to the nearly 4,500 jobs the state added in the years following the recession. The state's post-recession gain was largely due to a 24% rise in transportation equipment employment, as more manufacturers moved south to escape high labor costs in other states.

This past year's loss reflects a number of challenges faced by Mississippi manufacturers, including global competition and a strong dollar -- factors that plague U.S. manufacturing as a whole. Competition from neighboring states also plays a part, but a dearth of skilled workers and lagging focus on tech and innovation weighs most heavily on Mississippi's manufacturing climate.

This isn't to say the state is not making some progress on the challenges it faces. Important measures have been recently adopted in the state, such as the Workforce Innovation and Opportunity Act, and a multitude of business incentives designed to draw more manufacturers to the state. And there's no ignoring the fact that Mississippi's cost of doing business is among the lowest in the U.S.
Posted by IndustryNet
Yesterday, we brought you a report on growth in the U.S. powder coating industry, citing a 5.4% increase in employment. This is no wonder given how essential powder coating finishes are to the manufacture of appliances and equipment. A powder coating is superior to other finishes like paint because it provides a thicker, more durable coat, doesn't sag after application and has a wide range of specialty effects that are not available with other finish options. Matching the coating to the color of the project provides a polished, professional appearance.

Today, we're taking a closer look at some of top industrial suppliers in the sector. America boasts over 970 powder coating suppliers. In terms of numbers of employees, these companies are at the top of the list:

Protective Coatings, Inc.

This Kent, WA company provides work for 325 employees and focuses on the aerospace and automotive industries, among others.

Axalta Coating Systems, LLC

In Houston, TX, Axalta employs 280 workers and offers Nap-Gard and Herberts O'Brien brands.

Powder Cote II, Inc.

This Mount Clemens, MI corporation has 250 employees who focus on powder and electrocoating for numerous industries.

PPG Industries, Inc.

In Strongsville, OH, this ambitious company with its 250 employees seeks to be the world's leading coatings company.

Hartford Finishing, Inc.

This "One-Stop" Powder Coating Job Shop employs 249 workers and is one of the largest powder coaters in the Midwest.

TMCO, Inc.

The Total Manufacturing Company has 200 workers in Lincoln, NE, and provides concept-to-completion metal manufacturing services.

Hentzen Coatings, Inc.

This Milwaukee, WI company employs 198 people to provide an engineered coating for every industry.

Almond Products, Inc.

The 185 employees of this Spring Lake, MI company pride themselves on their cutting edge technology.

Posted by IndustryNet
The economic outlook for the powder coating industry in the U.S. continues to give manufacturers much cause for optimism. As 2017 moves forward, it will be interesting to see if the following positive trends pick up steam or level off, should global macroeconomic conditions drag down U.S. manufacturing output. The good news is that new data suggests that strong growth will most likely continue in 2017, which bodes well for U.S. powder coating companies.

Overall, job growth in the powder coating industry continues to increase. At the time of this writing, 697 powder coating companies served the U.S. market and ranked among the most successful manufacturers in the country. Today, U.S. powder coating companies employ 17,675 workers across 970 plant sites.

According to data from IndustryNet, the rate of job growth in this sector increased 5.4 percent over last year. 912 jobs were added by U.S. powder coating companies in 2016, and industry experts anticipate further growth this year as manufacturing in the U.S. gains momentum.

As an industry, U.S. powder coating companies reported positive growth, yet Midwest manufacturers - comprising 30 percent of all powder coating companies in the country - stood apart as the most successful. Compared to sales growth in other regions, 44 percent of successful powder coating companies operated in the Midwest.

Posted by IndustryNet
Over the next few years, manufacturing industry experts anticipate continued expansion in the U.S. fastener market, which bodes well for all manufacturers worldwide. Fresh data concerning the health of the fastener industry in the U.S., including ancillary sectors, strongly suggest that this growth is not an aberration but rather a much-needed rebound. Certainly, challenges in the global manufacturing market persist, yet data is trending in a positive direction overall.

IndustryNet's latest data provide cause for optimism as 2017 moves forward. At the time of this writing, the fastener industry in the U.S. encompassed 986 plant sites. Moreover, the fastener industry accounted for 53,872 jobs. This figure represented a 1.2 percent growth in employment.

Sales growth in the U.S. fastener industry coincided with solid job growth. Sales from December 2015 to December 2016 alone grew 11 percent. This expansion of the fastener market is not negligible but rather suggests that global economic conditions may be stabilizing with respect to manufacturing in the U.S.

Top 10 U.S. fastener manufacturers by sales growth
Posted by IndustryNet
Whether it be the nails and screws holding up houses or the head bolts and hex-headed cap screws keeping car brakes functional, fasteners are literally the nuts and bolts of daily life. They are key to the success of most industries; cars, airplanes, agricultural machinery, infrastructure, commercial construction and appliances rely heavily on the use of fasteners for their production.

Joist hangers, metal connectors, concrete anchors, and other construction-specific fasteners are the most popular types, accounting for approximately ten trillion dollars in annual sales. Contract assembly and mailing, binding, and packaging services come in second, accounting for about one trillion dollars in annual sales. Most fastener manufacturing plants make all types of fasteners, though sixteen specialize in industrial fasteners, nine specialize in nuts and bolts, eight in anchor bolts, and six in aerospace fasteners. Of those employed in the U.S. fastener industry, the majority work with aerospace fasteners, accounting for 1,381 current jobs. This is understandable since aerospace is an industry where strong emphasis on product quality is of paramount importance.

With over 1,000 fastener manufacturing plants in the United States alone and thousands of fastener types to choose from, selecting the right fastener company that fits specific needs and falls in the right price range can be a real challenge.

But fear not! IndustryNet, the marketplace that connects industrial buyers and suppliers, has all of the tools and data to answer any question. IndustryNet collects data on all U.S. fastener manufacturers, from joist hangers and concrete anchors for construction or industrial needs to staples and stapling devices. IndustryNet lists verified fastener suppliers and categorizes them by type, including automotive, aerospace, roofing, and packaging, and further categorizes the fasteners by material, such as aluminum, brass, or stainless steel.

IndustryNet can help customers
Posted by IndustryNet
Overall, 2016 was a productive year for the U.S. fastener industry. Millions of fasteners were fabricated, sold and distributed to American manufacturers across all sectors. Data compiled by IndustryNet show how well the top 10 fastener companies in the U.S. performed this year.

Despite challenges in the global manufacturing market, fastener companies in the U.S. fared well in 2016, especially manufacturers that supply aerospace and defense companies. Based on a total number of employees, the top 10 fastener companies in 2016 were:

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