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