Plywood prices soar
Plant engineers looking for ways to score points in their construction budgets might want to take another look at plywood costs. In the 12-mo ending May 1999, the average price of softwood plywood rose 8.9%.
Plant engineers looking for ways to score points in their construction budgets might want to take another look at plywood costs. In the 12-mo ending May 1999, the average price of softwood plywood rose 8.9%. Factory managers and plywood buyers of all sorts were hit with a whopping 7% hike in prices from April to May alone. But the cost to manufacture plywood fell 0.2% from May to June. As a result, the average plywood manufacturer scored $4.70 in added profits for every $100 worth of product sold. That's why the softwood plywood industry earned an "A" margin grade.
Factory managers would do well to investigate savage price hikes in mineral wool and gypsum products too. On the other hand, manufacturers of flat glass and structural clay products have been hit hard on the bottom line recently. Suppliers of these products will be resistant to requests for price cuts.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey