PMA latest Business Conditions Report shows 35% of surveyed metalforming manufacturers predict an increase in economic activity this quarter.
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The company has appointed a new president for its Infrastructure segment to lead strategy and growth initiatives.
The figures showed a decline in sales driven by lower volumes, partially offset by acquisition benefits and a stronger than expected November.
The latest PMA business report shows that metalforming manufacturers remain upbeat toward growth coming into 2025.
Despite orders decreasing month-to-month, October 2024 was 3% above the average value of all Octobers.
The duo will drive growth, optimize sales processes and strengthen customer partnerships across the area.
The PMA report shows that metalforming manufacturers maintain a guarded yet optimistic economic outlook.
The company appointed an industry veteran to Northeast Region general manager, focusing on growth and customer-facing processes.
The industry veteran will oversee product launches and lead marketing communications and brand efforts for the company.
September orders expectedly had a boost from the biennial IMTS event, but less than usual.
The results showed a continued slide in year-over-year and sequential sales growth.
Although sales decreased, the full-year gross margin increased by 70 basis points compared to the previous year, reaching 41.2%.
Chem Arrow is a California-based supplier of lubricants to the HVAC market.
Despite slower order placements compared to those placed in 2023, order activity continues to exceed historical levels.
The company aims to strengthen supplier partnerships and growth in the packaging sector with two promotions.
Triple-S expands its presence on the West Coast, adding to its steel product operations.
Heartwood Partners plans to expand Royal Product's reach into new markets, both organically and through strategic add-on acquisitions.
The move adds to Beacon’s more than 570 branches throughout the U.S. and Canada.
Despite mixed messages, there are signs the manufacturing technology industry may be at the beginning of a rebound.
