Execs on FABTECH panel see strong growth in 2013
Five CEOs will address convention Nov. 12
Five CEOs who will be featured at a roundtable at the FABTECH exposition remain optimistic that the growth experienced by many manufacturers since 2010 will continue for a third year in a row. The roundtable is part of the special events planned for FABTECH 2012, November 12-14 in Las Vegas.
The CEOs include Jerry Ward, Vice President of Metcam, Inc.; Rick Taylor, president and CEO of Jay Industries; Gregg Simpson, president of Ohio Laser; Shivie Dhillon, president of SunDial Powder Coatings and Patrick Thompson, president of Trans-Matic Manufacturing.
In pre-show interviews, some CEOs agreed that materials supply will continue to be unpredictable, making it challenging to plan. For others, energy costs are a greater concern. However, despite this uncertainty, the CEOs all agreed that their companies expect to continue the growth that they have experienced in the last two years. Some of the CEOs predicted strong growth of 20% or more, while others are expecting slow, but steady growth in the coming year or two.
The roundtable featuring these industry leaders, entitled State of the Industry: Manufacturers’ Executive Outlook, will take place Nov. 12 at 12:30 p.m. Dr. Chris Kuehl, economic analyst for the Fabricators & Manufacturers Association, International, will moderate the panel.
“The CEO roundtable will have something for everyone - whether you’re in the metal forming, fabricating, welding or finishing industries, or involved in some other sector of manufacturing,” said John Catalano, the show’s co-manager. “These CEOs are all distinguished leaders and bring varied perspectives on manufacturing. This makes the roundtable a ‘can’t miss’ event at FABTECH.”
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Annual Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.