The Manufacturing Industry Has Long Been a Part of Ohio’s DNA

ohio manufacturing

Manufacturing in Ohio has roots that run deep and long as one of the oldest sectors in the state which employs over 688K people and has an output of over $100 billion as of 2015.

This sector was responsible for more than $47 billion in exported goods and a 93.8% share in total goods exported. In 2015, Ohio traded $29.35 billion in exports with Free Trade Agreement Partners with trade exports of $29.15 billion through the Trans Pacific Partnership. In 2013 small business contributed to a 89.4% share of total exporters. The top five markets account for 66.80% of manufactured goods exported. The top five are Canada (41%), Mexico (13.3%), China (5.1%), France (3.9%), and the United Kingdom (3.5%).

Ohio is regarded as a very attractive state for aerospace manufacturing. The aerospace industry employees more than 110,000 people. The aerospace firms based in Ohio generate annual revenue of $44 billion. The top three employers in this sector include GE Aviation (General Electric unit), UTC Aerospace Landing Systems (United Technologies Corp) & Honeywell.

There are also many small independent manufacturers like CDMC that work to support the aerospace industry in one way or the other through their services or products and/or parts manufactured. New investments on the horizon will likely only improve our standing in the aerospace manufacturing industry.

 

Ohio also has a strong chemical and polymer industry. Many of the world’s fortune 1000 companies have their manufacturing plants here, including Goodyear Tire and Rubber Company, Parker Hannifin, PolyOne Corporation, and Schulman. The chemical and polymer industry employees 46,000 people with an average salary of $64,600 a year, which is 24% higher than some other manufacturing jobs.

The future of manufacturing in Ohio is looking bright with major investments lighting the pathway and as Ohio residents we can definitively say, “Ohio is one of the best states for manufacturing in the U.S.”.

For information on a deburring machine to fit your manufacturing needs or a free evaluation, contact CDMC today via contact form or call us at (216) 472-0200 to speak directly with one of our experts!

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Great Inventions & Manufacturing Have Always Been a Part of New Jersey

new jersey manufacturing

From air conditioning to bubble wrap, New Jersey has been the land of great inventions and manufacturing, which go hand in hand, for a very long time.

When we check the stats on New Jersey manufacturing, it’s easy to understand why they’re one of the top states in the country.

21 Fortune 500 companies call New Jersey home.

Johnson & Johnson, Campbell soups, and Goya foods dominate their respective industries and are headquartered here.

The manufacturing sector contributes to 7.8 percent of the state domestic product with over 7,222 units.

The sector contributes around $28.72 billion to the state’s exports.

Accounts for 245,000 jobs. These employees represent around 6.1 percent of New Jersey’s labor force.

The total output of the state’s manufacturing industry is around $44.52 billion.

The average annual compensation of an employee is $90,540.

**Sources from Center for Manufacturing Research

The chemical industry is the largest contributor to New Jersey manufacturing. In fact, nearly 18 percent of the statewide industrial sector consists of chemical industries. The sector employs around 49,000 workers and pays salaries well above the state average. Chemicals contribute around 37 percent of New Jersey’s total manufacturing output with the chemical industry generally divided into four sub-sectors:  pharmaceutical & medicine, cleaning compounds, toiletries, and paint, coating & adhesives.

New Jersey also has a long and a rich history within the food industry. It is home to Campbell Soup, one of the world’s leading food companies. This company rose to fame after John T. Dorrance developed the first condensed soup. One of the most significant Hispanic food companies, Goya Foods, also has been a cornerstone of the state’s business community since 1974. More recently, Goya unveiled its new state-of-the-art corporate headquarters in Jersey City as part of a $250 million investment. With another 1900 companies employing around 44,000 people, the state’s food industry is worth approximately $105 billion.

For information on a deburring machine to fit your manufacturing needs or a free evaluation, contact CDMC today via contact form or call us at (216) 472-0200 to speak directly with one of our experts!

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There’s Nothing “hokie” About Virginia’s Manufacturing Economy

virginia manufacturing

Virginia has a lot to offer to a variety of manufacturing industries with the GDP of Virginia being $480 billion and manufacturing accounting for 8.95% of the total. Today, more than 4,560 manufacturing firms employ about 5.9% of the state’s workforce.

The Human Development Index of Virginia is 5.47 which indicates living conditions are considerably higher than the national average. Forbes ranked Virginia #6 as a Best State for Business.

Manufacturing Benefits

Six major interstate highways, more than ten commercial airports, 3400 miles of railway and 25+ international shipping lines from the Port of Virginia create easy and fast connections to 200+ countries from the state.

Virginia’s extremely low tax rate of 6% (which has not been amended since 1972) provides enormous benefits to businesses. The state also does not tax accounts receivable, computer software, inventory or other intangibles.

The average cost of electricity per commercial unit use is 6.44 cents, which is nearly 14% lower than the national average.

Virginia also has an enormously skilled and productive workforce available at affordable costs. Additionally, the right-to-work laws allow people to work irrespective of their membership in a labor union.

Manufacturing Industries

The food, beverage, and tobacco manufacturing industries accounted for $1.7 billion towards the state’s economy as recently as 2014. No other manufacturing sectors comes close to this massive revenue generation. Chemicals manufacturing nabs the second-best manufacturing sector in Virginia while rounding out the third spot is transportation equipment manufacturing which contributes $366 million to the state’s economy.

Agriculture Based Manufacturing

32% of Virginia consists of farmlands which are approximately 8.1 million acres. Over 44,000 farms produce a massive range of crops for exports as well as internal use. Namely, Virginia produces a lot of tomatoes, soy, tobacco, peanuts, hay, apples, potatoes, grapes, and cottonseed. Tobacco is one of the most important cash crops for the state.

The state of Virginia has a direct economic output of $25.9 billion from food & beverage manufacturing. This sector provides job opportunities to 11% of the state’s population, i.e. more than 35000 people. The average annual earnings of a manufacturing employee was estimated to be $70,882 in 2015. Since 2006, $1.9 billion has been invested by various food manufacturing companies in the state of Virginia, opening doors to 7000 more new jobs and setting new highs for revenue generation.

Beverage manufacturing takes the lead role in this industry with 219 firms. Tortilla and bread manufacturing ranks second with 174 companies. Food & beverage manufacturing consists of many large manufacturers like Pepsi Co., Hershey, McKee Foods, Kraft/Heinz and Lipton (Unilever).

Virginia’s manufacturing exports have consistently shown increases since 2009. The exports of manufactured goods contributed $13.94 billion towards Virginia’s economy in 2016. With a robust manufacturing economy fueled by growing exports of goods, it’s no wonder we included Virginia in our list of U.S Manufacturing States.

For information on a deburring machine to fit your manufacturing needs or a free evaluation, contact CDMC today via contact form or call us at (216) 472-0200 to speak directly with one of our experts!

 

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