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Position:Industry outlook 2009

Q: When you consider the growth outside the United States in automotive, aerospace, power, and engineering industries, how do you see that impacting U.S. manufacturers?

What might seem like obstacles to some--the dramatic shift in industrialization around the world, the weak dollar, and the turbulent nature in prices for commodities--looks like opportunity to Chuck Elder, executive vice president for Ingersoll Cutting Tools. "Strength in the automotive, aerospace, power, and engineering industries outside the United States is occurring because foreign economies have been growing, creating a considerable demand on domestic producers of goods incorporating metal components," Eider said.


Granted, many of those observations come against the backdrop of the financial stress that has occurred over the second half of 2008. However, he cited the unprecedented demand for...

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