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November 28, 2007
Contacts: Malcolm Mason, Business Development Director, 703-827-5216 e-mail: msmason@AMTonline.org
Russell Waddell, Industry Economist, 703-827-5258, e-mail: rwaddell@AMTonline.org
Third Quarter Workholding Shipments up 20.8 Percent from 2006 Level
At $67.9 million for third quarter 2007, shipments of workholding equipment from the U.S. were up 20.8 percent from third quarter 2006 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 $55.1 million while exports amounted to $12.8 million.
The report from the WPG shows that domestic workholding equipment orders increased 12.0 percent and U.S. exports increased 82.8 percent from year-earlier levels. The export figure is boosted by record high exports in July followed by very strong exports in the second two months of the quarter. The Midwest remained the largest domestic destination, with 42.8 percent of total domestic shipments going to that region. The West’s and Northeast’s shares of orders remained level, while the Central region went from a 20.9 percent share in the second quarter to 16.1 percent in the third quarter. The South increased share slightly, moving from 15.5 percent up to 17.3 percent. Additionally, third quarter 2007 employment levels were up 8.0 percent from the same quarter in 2006.
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 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 Russell Waddell, Industry Economist, at 703-827-5258 or rwaddell@AMTonline.org. For more information about the WPG and its efforts to promote the workholding industry in the United States, please contact Malcolm Mason, Business Development Director, at 703-827-5216 or msmason@AMTonline.org.
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