Machine Tool Orders Rise

Jan. 13, 2005
By John S. McClenahen Lending support to the notion that 2004 will proven to have been a pretty good year for machine tool makers, gross new orders of machine tools for U.S. consumption rose 18.3% in November to $275.2 million, according to a report ...
ByJohn S. McClenahen Lending support to the notion that 2004 will proven to have been a pretty good year for machine tool makers, gross new orders of machine tools for U.S. consumption rose 18.3% in November to $275.2 million, according to a report from the American Machine Tool Distributors' Association and AMT-The Association for Manufacturing Technology. For the first 11 months of 2004, gross new orders for U.S. consumption totaled nearly $2.7 billion, some 43% higher than the $1.87 billion total for the first 11 months of 2003. Full-year 2004 figures should be released in about a month. Last November, new orders of metal cutting machine tools were $254.59 million, 15.6% higher than in October; new orders for metal forming machine tools were $20.61 million, 65.5% higher than in October.

Popular Sponsored Recommendations

Legacy Phone Lines Are Draining Your Profits

Oct. 30, 2023
Copper wire phone line expenses that support emergency devices could be costing your company millions of dollars in wasteful overhead expenses. Rates have been skyrocketing while...

The Executive Guide to Best Practices for Ecommerce Integration

Oct. 2, 2023
Get ready to elevate your post-checkout experiences and thrive in today's unpredictable market. Learn why integration and automation are crucial to run operations more smoothly...

7 Crucial Steps to Improve Your OT Security

Oct. 23, 2023
Enhance OT security in manufacturing and production. Uncover the crucial steps to safeguard your operational technology. Protect against evolving threats and bridge the IT-OT ...

Complexity Reverberates Across Manufacturer Operations

Aug. 21, 2023
Design complexity and revenue disruptions overshadow machine builders’ progress in planning and execution. In this research report conducted by IndustryWeek, learn how implementing...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!