SIC 3542 Machine Tools, Metal Forming Types

SIC 3542

This industry covers establishments primarily engaged in manufacturing metal forming machine tools, independent from the hands of an human operator, for pressing, hammering, extruding, shearing, die-casting, or otherwise forming metal into shape. This industry also includes the rebuilding of such machine tools and the manufacture of repair parts for them. Establishments primarily engaged in the manufacture of electric and gas welding equipment and soldering equipment are classified in SIC 3548: Electric and Gas Welding and Soldering Equipment; those manufacturing portable, power-driven hand tools are classified in SIC 3546: Power-Driven Hand Tools; and those manufacturing rolling mill machinery and equipment are detailed in SIC 3547: Rolling Mill Machinery and Equipment.

NAICS CODE(S)

333513

Machine Tool (Metal Forming Types) Manufacturing

According to the U.S. Census Bureau, 279 establishments operated in this category for part or all of 2004. Industry-wide employment totaled approximately 7,764 workers receiving a payroll of more than $383 million. Of these employees, 4,446 worked in production, putting in nearly 9.5 million hours to earn wages of more than $196 million. Overall shipments for the industry were valued at more than $1.1 billion. The vast majority of companies in this industry were small or medium sized, with only about 4 percent employing more than 500 workers.

Ingersoll Machine Tools Inc. of Rockford, Illinois, was the industry leader with 2005 sales of nearly $400 million and 2,500 employees. After filing for bankruptcy in 2003 under former name Ingersoll International Inc., the company rebounded after it was acquired by Camozzi Group of Italy in conjunction with Rockford-based Imta. In second place was Gleason Corp. of Rochester, New York, with 2005 sales of $350 million and 2,600 employees. Rounding out the top three was Haas Automation of Oxnard, California, with sales of $327 million and 800 employees.

The metal forming machine tool industry is closely related to the metal cutting industry. Many machine shops employ both types of machine tools. The primary difference between metal cutting and metal forming concerns the way in which the finished product is removed from the raw metal. Metal forming is a process by which a piece of metal, generally a flat sheet stock or a rod, is forced into another shape by means of pressing the material beyond its present yield...