SIC 3412 Metal Shipping Barrels, Drums, Kegs, and Pails

Contenidos

• NAICS CODE(S).
• FURTHER READING.

SIC 3412

This category includes establishments primarily engaged in manufacturing metal shipping barrels, drums, kegs, and pails.

NAICS CODE(S)

332439

Other Metal Container Manufacturing

According to the U.S. Census Bureau, roughly 150 establishments operated in this category at the beginning of the twenty-first century. Industry-wide employment in 2001 totaled 17,507 workers receiving a payroll of more than $556 million; 13,706 of these employees worked in production, putting in more than 28 million hours to earn wages of almost $364 million. Overall shipments for the industry were valued at more than $2 billion in 2001, rising to nearly $3 billion in 2004.

After 2001, the U.S. Census Bureau combined this industry with metal can manufacturing for the purpose of employment record keeping. In this larger metal can and other container manufacturing industry, employment totaled 35,204 workers in 2005, which was down from 38,274 in 2002. Employees received a payroll of $1.56 billion. Of these employees, 27,874 worked in production, putting in just over 60 million hours to earn total wages of more than $1.73 billion.

Dallas-based Trinity Industries Inc. led the industry in other metal container manufacturing, with sales of over $1.4 billion for its fiscal year ended December 31, 2003. Menasha Corp. of Neenah, Wisconsin, a fifth-generation privately owned firm, followed with $1.1 billion in 2002 sales. Greif Inc., formerly known as Greif Bros. Corp., of Delaware, Ohio, rounded out the top three industry leaders with sales of $1.9 billion for its fiscal year ended October 31, 2003. Other industry leaders included Longview Fibre Co. of Longview, Washington, with 2003 sales of $773 million; Park-Ohio Holdings Corp. of Euclid, Ohio, with 2003 sales of $624 million; and privately owned Russell-Stanley Corp. of Bridgewater, New Jersey, which in late 1999 introduced a new 55-gallon tight-head steel drum with a "W" style hoop enclosure for maximum freight usability and vacuum seal.

Steel shipping barrels and drums, excluding beer barrels, accounted for more than 24.5 percent of total industry shipments. Steel pails claimed 20.5 percent of shipments. The remainder of the market was split between non-specific barrels, drums, pails, and other metal containers. After climbing from $2.2 billion 1997 to $2.3 billion in 2000, total industry shipments declined to $2 billion in 2001. Shipments rose significantly in...