The 2020 Mid-Year Economic Update_long

Day: June 19, 2008

Survey: Manufacturers Optimistic About Expansion in North America

A new survey by Deloitte says that North America is the most desirable region for expansion" over the next three years. The survey targeted top-tier executives of manufacturing companies with North American operations.
 
Deloitte, Deloitte Canada and Deloitte Mexico, with the cooperation of the National Association of Manufacturers (NAM), The Manufacturing Institute and Canadian Manufacturers &Exporters (CME), surveyed 321 executives of North American manufacturers across product sectors. The majority of companies represented in the survey (45%) are based in the U.S.
 
In terms of plans for expansion, the survey found that sales and services topped the list with 76% planning to expand sales in the U.S., 58% in Canada and 67% in Mexico. Sourcing of raw materials and ...

Distributors Reach Out in Flood Zones

Many families are returning home to chaos in places like Cedar Rapids where more than a thousand city blocks were flooded. Distributors -national, regional and local -are stepping up, providing customers with service and inventory when and where it is needed to speed recovery.
 
Crescent Electric Supply Company, East Dubuque, IL, is offering a matching relief fund of up to $85,000. The company sent me an announcement today saying that anyone wishing to have Crescent match their donation to help victims of tornadoes and floods in Iowa, Wisconsin and Indiana should send a check made out to either The United Way Tornado and Flood Relief Response or The American Red Cross Central U.S. Tornado and Flood Relief Response to John Miller at Crescent Electric Supply, 7750 ...

Hisco Acquires B&L Technologies Distribution Division

Hisco, Houston, TX, has acquired the distribution division of B&L Technologies, a Victor, NY-based capital equipment and materials supplier to the electronics assembly industry. This expansion strengthens Hisco's operations in upstate New York and adds a 6,000-square-foot-facility to Hisco's network.
 
The new location will operate as a satellite division of Hisco's New Jersey branch.
 
Hisco President Bob Dill said there is a strong synergy between the two companies. The parallels between our customer base, core product offering, and value proposition made this a natural fit,"Dill said.
 
Bob Bernatovich, president of B&L said that the company will continue to offer its existing line of capital equipment.
 
Hisco is an employee-owned specialty ...