SIC 3547 Rolling Mill Machinery
SIC 3547
This category covers establishments primarily engaged in manufacturing rolling mill machinery and processing equipment for metal production, such as cold forming mills, structural mills, and finishing equipment.
333516
Rolling Mill Machinery and Equipment Manufacturing
According to the U.S. Census Bureau, 78 establishments operated in this category for part or all of 2004. The Annual Survey of Manufactures reported that overall shipments for the industry were valued at nearly $444 million in 2004. Industry-wide employment totaled approximately 2,617 workers receiving a payroll of more than $135 million. Of those employees, about 1,463 worked in production in 2004, putting in more than 3.2 million hours to earn wages of more than $66 million. Companies in this industry tended to be smaller in size, with nearly 90 percent employing fewer than 500 workers.
Penn Machine Co. of Johnstown, Pennsylvania, led the industry with 2005 sales of nearly $6.6 billion and 140 employees. In second place was RB&W Manufacturing LLC of Kent, Ohio, with nearly $6.4 billion in 2005 sales and 85 employees. Rounding out the top three was Foseco Inc. of Cleveland, Ohio, with more than $346 million in sales and 320 employees.
The U.S. government divides rolling mill machinery into four classifications: hot rolling mill machinery (except tube rolling), cold rolling mill machinery, other roll milling machinery (including tube mill machinery), and rolling mill machinery that is not classified elsewhere. To produce typical metal sheets and plates, hot rolling mill machinery decreases the metal's thickness and the product is then sent to a cold rolling mill machine to further reduce it by implementing intricate processes of measurement.
The capital requirements for the industry are relatively low, with average investment per establishment at about 25 percent of that for the manufacturing sector as a whole. In 1995 the value of shipments for these four classifications was $621 million. This figure spiked in 1997, with shipment values at more than $700 million. Two years later the number plummeted to less than $430 million. After shipment values briefly rebounded in 2000, to more than $579 million, the industry witnessed steady annual losses, which totaled nearly $444 million in 2004.
According to the U.S. Department of Labor, long-term employment is projected to decline about 16 percent between 2004 and...
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