SIC 3082 Unsupported Plastics Profile Shapes

Contenidos

• NAICS CODE(S).
• FURTHER READING.

SIC 3082

This industry covers establishments primarily engaged in manufacturing unsupported plastics profiles, rods, tubes, and other shapes. Establishments primarily engaged in manufacturing plastics hose are classified in SIC 3052: Rubber and Plastics Hose and Belting.

NAICS CODE(S)

326121

Unsupported Plastics Profile Shape Manufacturing

In 2005 the value of shipments in the plastics profile shapes industry was $6.8 billion, up from $5.4 billion in 2002, according to the U.S. Census Bureau. The industry employed 27,659 workers in 2004, with a payroll of about $1 billion. Production workers that year totaled 21,214, nearly unchanged from 21,024 in 2000. The top employer states were Ohio, Illinois, California, and Pennsylvania. Together, these states account for about one-third of total shipment values. The top products by share in the industry are those made from polyethylene (27%), vinyl (12%), polypropylene (9%), acrylates (8%), polystyrene (6%), and styrene copolymer (less than 1%).

ICON Health and Fitness Inc.—the industry leader and manufacturer of indoor fitness equipment such as Nordic Track—experienced turbulence in the late 1990s. After sales skyrocketed from $403.0 million in May 1994 to $836.2 million in 1997, sales in 1998 plummeted 10.4 percent, by $86.9 million, to $749.3 million. Ironically, the company had just taken on more debt, attempting to leverage higher profits. The bottom eventually fell out of the indoor fitness equipment business, forcing ICON to restructure yet again with the assistance of Wall Street investment bank Credit Suisse First Boston. Company sales began rebounding in 1999. By 2005 the firm was able to post revenues of $852 million, which reflected a $150 million decrease from 2003 sales of more than $1 billion.

Other industry leaders included Fraser, Michigan-based Cadence Innovations LLC, formerly known as Venture Industries Inc., with $1.7 billion in 2002 sales; Troy, Michigan-based Cadillac Plastic Group Inc.; Sheboygan, Wisconsin-based Vinyl Plastics Inc.; and...