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October 19, 2006
Contacts: Malcolm Mason, Business Development Director, 703-827-5216, e-mail: msmason@AMTonline.org
Frank Kolbe, Senior Economist, 703-827-5262, e-mail: fkolbe@AMTonline.org
Workholding shipments up from year-earlier levels
At $56.2 million third quarter 2006 shipments of workholding equipment for the U.S. were up 3.3 percent from the similar quarter last year, according to the Workholding Product Group (WPG) of AMT - The Association For Manufacturing Technology. Workholding equipment shipments within the U.S. by the 35 companies participating in the WPG statistical report totaled $49.2 million while exports amounted to $7.0 million.
The report from the WPG shows that third quarter 2006 U.S. domestic shipments of workholding equipment were up 4.1 percent from year-earlier levels and U.S. exports were down 2.9 percent. The report also shows rotating type as the largest source of workholding equipment activity in the third quarter of 2006, accounting for 51.9 percent of total shipments. Regionally, the Midwest was the largest destination source in the third quarter of 2006, comprising 41.5 percent of total domestic shipments. Additionally, third quarter 2006 employment levels were up 0.9 percent from year-earlier levels.
“Workholding shipments continued at the already high levels set throughout the rest of the year while unfilled orders jumped over 15 percent from last year thanks to strong orders at IMTS in early September,” said Michael Powell, President of Master Work-Holding and chair of the Workholding Product Group. “This jump in orders should translate into strong shipments through the end of the year.”
The Workholding Product Group is comprised of AMT members who produce chucks, jaws, collets, vises, fixtures, and other workholding equipment. The WPG operates as a forum to serve the interests of U.S. manufacturers of workholding equipment. The overriding goal of the WPG is to develop ways to better serve the workholding user customer, and to implement programs to help the workholding community in this endeavor. While WPG members must be members of AMT, any OEM workholding manufacturer or U.S. based company that is a sole distributor of a foreign built workholding product line may participate in the WPG statistical program.
The Workholding Market Data Report is the only accurate, timely source of detailed statistics on workholding equipment for marketing and planning purposes. There is no cost to participate. The only obligation is to complete the simple survey form each month. Absolute confidentiality is guaranteed.
For more information contact Frank Kolbe, Senior Economist, at 703-827-5262 or fkolbe@AMTonline.org. For more information about the WPG and its efforts to promote the workholding industry in the U.S., please call Malcolm Mason, Business Development Director, at 703-827-5216 or msmason@AMTonline.org.
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