SIC 3494 Valves and Pipe Fittings, Not Elsewhere Classified

Contenidos

• NAICS CODE(S).
• FURTHER READING.

SIC 3494

This category includes establishments primarily engaged in manufacturing metal valves and pipe fittings, not elsewhere classified, such as plumbing and heating valves, and pipe fittings, flanges, and unions, except from purchased pipes. Establishments primarily engaged in manufacturing plastic pipe fittings are classified in SIC 3089: Plastics Products, Not Elsewhere Classified; those manufacturing plumbing fixture fittings and trim are classified in SIC 3432: Plumbing Fixture Fittings and Trim; and those manufacturing fittings and couplings for garden hoses are classified in SIC 3429: Hardware, Not Elsewhere Classified.

NAICS CODE(S)

332919

Other Metal Valve and Pipe Fitting Manufacturing

332999

All Other Miscellaneous Fabricated Metal Product Manufacturing

According to the U.S. Census Bureau's Statistics of U.S. Businesses, 3,449 establishments operated in this category for part or all of 2004. Industry-wide employment totaled 89,230 workers receiving a payroll of nearly $3.4 billion; these numbers represent a relatively sizeable increase of about 8 percent from 2002's figure of 82,074. The Annual Survey of Manufactures reported that overall shipments for the industry were valued at more than $14.7 billion. Additionally, from an overall employee base of 170,044, the industry (which also includes the following manufacturing categories: industrial valve, fluid power valve and hose fitting, industrial pattern, and enameled iron and metal sanitary ware), employed a combined total of 120,091 production workers in 2004. These employees put in more than 250 million hours to earn wages of more than $4.2 billion.

Tyco Fire & Security and Engineered Products & Services (TFS/TEPS) of Boca Raton, Florida, led the industry with sales of more than $11.5 billion in 2005 and approximately 90,000 employees. Parker Hannifin Corp. of Cleveland, Ohio, was in second place with nearly $9.4 billion in fiscal 2006 sales and more than 57,000 employees. In the third position was Flowserve Corp. of Irving, Texas, with nearly $2.7 billion in sales and 13,000 employees. Rounding out the top four was Crane Co. of Stamford, Connecticut, with nearly $2.1 billion in sales and 10,400 employees. At one time most of the companies were medium-sized or smaller, but mergers and acquisitions are reshaping the industry. Thus, the industry leaders have become heavily diversified in the products they produce. For example, Crane...