Tag Archives: Manufacturing industry

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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North Carolina’s Manufacturing Industry is Taking Flight

North Carolina Manufacturing

The first flight that gave us the wings to fly was the invention of two brothers in the state of North Carolina but now it’s the manufacturing industry’s turn to fly. While this is perhaps their most proud contribution, it doesn’t stop there. The state has seen various inventions that became household items for generations to come–Vicks Vaporub, the Barcode system or our beloved Coca-Cola. Like its invention history, North Carolina has a rich heritage in the manufacturing industry too.

Manufacturing Facts

Employing 10.6 percent of the total workforce, the manufacturing sector contributes around 20 percent of the state’s total revenue. Last year, the manufacturing industry generated a revenue of $100.07 billion. The average annual income of a manufacturing employee was $69,417. With 460,200 manufacturing employees, manufacturing is one of the most crucial income sources for the State.

When it comes to further classification of the state’s manufacturing arena, chemical products bag first place with an income or approximately $ 27,738 million. Food, beverage and tobacco products, along with computers & electronics come in second and third place with revenues of $18,839 & $9,855 million respectively. Other significant industries include machinery, transportation equipment & textile products.

Manufacturing Exports

In 2016,  the manufacturing sector contributed $28.06 billion through trade to the state’s economy. That same year, the Free trade Agreement (FTA) partners deposited $21.03 billion. Small businesses contributed to around 88 percent of total exports which demonstrate the underlying potential of  North Carolina’s manufacturing sector.

Chemical Products Manufacturing

Several major chemical companies such as BASF, DuPont, Bayer Crop Science, Procter & Gamble, and Clorox have pushed North Carolina to reach new heights. With an investment of $1.6 billion in chemical, plastics & pharmaceuticals manufacturing units, the state is planning to give a significant boost to this sector. After an 18 percent contribution by the chemicals and plastic industry to the state’s GDP from 2005 to 2014, there are around 993 firms in North Carolina, with over 75,000 jobs created. Today, the state stands as the 5th best industrial workforce across the country. It has a high growth rate of 1.5 which is well above the national average, with around 20,500 STEM degrees and certification courses conferred annually in the state.

Chemical Manufacturers Investment

Increased demand for DuPont’s Sorona means a big investment in North Carolina. By adding $30 million to its existing plant in Lenoir County in North Carolina, the company plans to extend its current capacity of 750 employees.  It’s the reason the Governor stated, “DuPont is North Carolina’s best-known employer.”

The major chemical company Albemarle, plans to invest $10.5 million over a period of the next five years and create 170-200 jobs. Impressed with the initiative, North Carolina Commerce Secretary Anthony M. Copeland said, “Albemarle Corporation is a global leader and has made the right decision to expand in North Carolina.”

The state that invented and manufactured airplanes also sustains the needs of society with basic household products. The North Carolina manufacturing sector improves the fabric of our country and is well-deserving to be on our list of the best manufacturing states in the nation.

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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When it Comes to Manufacturing, Indiana Says “Start Your Engines”

Indiana Manufacturing

In 2016, Indiana’s current-dollar GDP was $341.9 billion and ranked 16th in the United States top contributors. With a Human Development Indicator (HDI) of 4.56, Indiana ranks as the 39th most developed state. Estimates predict that this year the manufacturing industry is expected to go beyond its previous impression of 16% of that figure.

Indiana’s economy is considered as one of the best in the United States for several reasons. It has a conservative industrial system, the low taxes levied on commercial and industrial establishments, and a set of relatively stable labor laws that have been in place since the 19th century.

Let’s go beyond the stats and take a look at the most important sectors within the state in addition to some of the most significant companies within each sector.

Pharmaceutical Industry

Within this industry Indiana is the top contributing state, followed by California. Indiana’s pharmaceutical industry exports about $6040 million worth of products each year. The production peaked in 2012 following a 24% annual growth rate. This explains why today, pharmaceuticals are so consolidated within the state.

The pharmaceutical company, Eli Lilly & Company, ranks as #76 on “Forbes America’s Top Public Companies” and is the major player in Indiana. It was founded in 1876 in Indianapolis, by a Swedish chemist Colonel Eli Lilly, and his primary motivation was the lack of availability of medicines to Americans suffering in the post-Civil War era. The company is also the 10th largest employer in the state. A huge plus of Eli Lilly & Co. is that its employees are considered the most valuable resource. This is the reason that has led them many times to invest both in their people and in the state.

Automotive and Parts Manufacturing

While Indiana is the #7 exporter of vehicles and its parts, it has one of the lowest annual growth rates from the top exporters. However, this statistic changes when we limit it to only motor vehicle parts and accessories, a classification we can say is the state’s strength. In this category they come in 4th place very close to their 3rd place competitor, Ohio.

Within the automotive industry, we find one of the most emblematic auto producers, Rolls Royce. They operate within the US and in several parts of Canada. However, none of its venues can compare with the one in Indianapolis, which employs over 4000 of the city’s residents. In 2015, the company decided to invest approximately $600 million in modernizing it’s plant and for technology research. The ex-governor and current Vice President of  the United States, Mike Pence commented that the company chose the state of Indiana because they offer “the business-friendly climate needed to succeed”.  The reason behind this Rolls Royce decision were the incentives offered by the state such as tax credits and a skills enhancement grant.

Medical Device Manufacturing

By 2012 medical device manufacturing was the fourth largest sector in Indiana, generating about $2.84 million, with a very promising annual growth rate of around 7%. It supplies approximately 20,000 jobs for the state and creates an even closer relationship with the NAFTA members who are its main buyers.

Also within this industry, we find the 2nd largest company in the state, Cook Group Inc., reaching revenues of 2.2 billion for the past year. Within this group, we find Cook Medical, which is the part of the company that’s responsible for the production of minimally invasive medical devices. It has 41 medical specialties, and around 16,000 products making a difference in the lives of patients all over the world. We can highlight anesthesiology, pediatrics, gynecology, urology, neurology, and obstetrics. By 2016, it employed about 2500 people and rewards its employees with a salary 56% higher than the state average.

The state of Indiana during the last decades has created an environment where manufacturing industries can continue to develop. These favorable policies, on the part of the state government, have allowed the people of Indiana to collect the fruits of their labor and making Indiana the 13th “Best Place for Business”.

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