AMT reports Q1 workholding shipments down from 2008 levels.
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Press Release Summary:
Based on Workholding Market Data Report, Advanced Workholding Technology (AWT) Group announced shipments in Q1 2009 were down 31.7% from Q1 2008, standing at $43.4 million. Midwest received 40.8% of total domestic shipments, and along with shimpments to West/Northeast, declined slightly, while Central/South region shipments increased slightly. Report provides statistics on workholding equipment for marketing/planning purposes.
Original Press Release:
First Quarter Workholding Shipments Down from 2008 Levels
At $43.4 million for first quarter 2009, shipments of workholding equipment were down 31.7 percent from first quarter 2008 according to the Advanced Workholding Technology (AWT) Group of AMT - The Association For Manufacturing Technology. Workholding equipment shipments within the United States by the 34 companies participating in the AWT statistical report totaled $38.4 million while exports amounted to $4.9 million.
The report from the AWT shows that domestic workholding equipment shipments decreased 23.6 percent and U.S. exports decreased 26.9 percent from fourth quarter 2008. The Midwest remained the largest domestic destination with 40.8 percent of total domestic first quarter shipments going to that region, although this represents a slight decline from fourth quarter 2008. The West lost 0.1 percent, bringing it to 10.7 percent, whereas the Northeast region lost 0.4 percent to account for 12.8 percent of domestic shipments in the first quarter. The Central and South regions increased market share slightly, making up 19.2 and 16.5 percent of domestic shipments, respectively. Additionally, first quarter 2009 employment levels were down 8.2 percent from fourth quarter 2008 and down 9.6 percent when compared to the first quarter of 2008.
The Advanced Workholding Technology Group is comprised of AMT members who produce chucks, jaws, collets, vises, fixtures, and other workholding equipment. The AWT operates as a forum to serve the interests of U.S. manufacturers of workholding equipment. The overriding goal of the AWT is to develop ways to better serve the workholding customer, and to implement programs to help the workholding community in this endeavor. While AWT 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 AWT 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 Kim Brown, Industry Economist, at 703-827-5223 or kbrown@AMTonline.org. For more information about the AWT and its efforts to promote the workholding industry in the United States, please call Malcolm Mason, Business Development Director, at 703-827-5216 or msmason@AMTonline.org.
Contacts:
Malcolm Mason, Business Development Director, 703-827-5216, e-mail: msmason@AMTonline.org
Kim Brown, Industry Economist, 703-827-5223, e-mail: kbrown@AMTonline.org
