how to grow a steel fabrication business

In the past two years alone, the company has made great strides to upgrade … For instance, if an assembly cell requires 100 parts per day, six totes with 25 parts in each might be staged nearby, providing the cell with a day and a half of product. Heus said Amerequip has been fortunate in creating an environment where manufacturing activity is now linked closely to real demand, not unrealistic production schedules or the personal desires of machine operators. Abfall said the brakes have been instrumental in helping the bending department keep up with the efficient delivery of laser-cut parts. Continental Steel has established itself over the years as a company whose specialty is sourcing hard-to-find metals. Enjoy full access to the digital edition of The Additive Report to learn how to use additive manufacturing technology to increase operational efficiency and improve the bottom line. Abfall said the company has been able to take out about $5 million worth of inventory. New online metal fabrication services business owners often find that running an online business is more labor-intensive than they expected. A relationship with another custom finisher in Wisconsin has helped to take some pressure off the finishing department and ease the bottleneck, but company leadership is considering expansion of the paint department or acquiring capacity to provide a more permanent solution. It is expected to grow at a rate of 3% annually, reaching USD $21.38 billion by 2024. We did not go out and acquire any other businesses,” Abfall said. The company offers apprenticeships, so that students can attend classes at the technical school while simultaneously learning on the job—and getting paid for it. Easily access valuable industry resources now with full access to the digital edition of The FABRICATOR. Dan Davis is editor-in-chief of The FABRICATOR, the industry's most widely circulated metal fabricating and forming magazine, and its sister publications, STAMPING Journal, The Tube & Pipe Journal, and The Welder. He lives with his wife and two children in Crystal Lake, Ill. Sign up and be the first to know about the latest industry news, products, and events! It needs to find more painting capacity. It even builds complete end products, such as commercial mowers. Fudging the numbers is the equivalent of sabotaging your steel fabrication business's strategic interests. How fast was the company growing? Amerequip Corp., Kiel, Wis., wants to keep growing its business with a handful of key OEM customers. Red means laser cutting has come to a halt for some reason. “We want to do more for less,” he said. The first way to quickly grow your business is by building a sales funnel. Sheet thickness can run anywhere from 20 gauge to 1 inch, but a majority of the steel being processed through the laser system is 0.375 to 0.25 in. Meanwhile, everyone is working to find the best and most cost-effective ways to build parts and end products for customers. Steel Fabrication Business. The fabricator has 10 Lincoln Electric welding cells with FANUC robots. However, it can sometimes be very challenging. Many are delivered in a just-in-time manner; when a tote is emptied, it is returned to New Holstein for replenishment and delivered back to the Kiel facility’s assembly area. We at SW plan to serve the metal fabrication market segment. Around the same time the laser cutting system was being installed, the fabricator also upgraded its bending capabilities with two SafanDarley servo-electric E Brakes, one that is 40 tons and the other which is 120 tons. 1. Fabrication shops could be employed by contractors, OEMs and VARs in … One of the first things he did was eliminate the requirement that every weldment has to be tack welded before being placed in the fixture. In the metal fabrication business, everyone would rather be busy than slow, but that doesn’t mean it’s easy. Construction companies require steel in various shapes for their work which means that there is almost always a steady demand for a specialist in the steel fabrication business. The clutch plate is an essential item in the automobile industry. An electric voltage is applied to the part, causing the paint emulsion to adhere to the part.). Everyone at Amerequip has had a chance to catch their breath and even sit down for an interview with The FABRICATOR. The cylinders are made at the company’s New Holstein, Wis., facility. He has been with the publications since April 2002. It will take a significant portion of your time, effort, and resources to run a prosperous business. As of 2018, Amerequip had six Mitsubishi CO2 laser cutting machines attached to a River automated material storage and retrieval system that keeps the equipment constantly supplied with sheets to be cut. However, human resources was posing a problem. less than the original fabricated and welded predecessor. The project won the 2019 Casting of the Year award from the American Foundry Society and Metal Casting Design & Purchasing magazine. The global metal fabrication market was valued at USD $16.35 billion in 2015. Abfall said that, in combination with finding nearby partner companies that can assist with fabricating, welding, and finishing tasks when job orders exceed capacity, stabilizing the employee turnover has proven beneficial in allowing the company to focus on internal improvements, which ultimately leads to more efficiency on the shop floor. Holes and mating features are now machined into the casting, instead of laser cutting them early on, which allows for tighter tolerances and more accurate assembly. If you are looking to grow your fabrication business over the next year, here is a practical guide to help you. There’s no guarantee that these and other improvements will get Amerequip to its goal of $150 million in sales by 2023, but all of these recent changes create a solid foundation from which to make a solid go of it. Irrespective of the power or condition of your management, large-impact hazards can take a toll on any kind of business. With the labor situation somewhat settled, attention is now being turned to optimizing the robotic welding effort. You can proceed using the following steps: Create a Business Plan: It is impossible for your metal fabrication unit to succeed without a business plan. The essence of having the necessary documentation in place before launching a business in the United States of America cannot be overemphasized. Marketing and Sales strategy We at SW totally understand that satisfied customers will aid our business by referring our company to other clients who need our services. That’s where Amerequip now finds itself. His next project is looking for existing parts that are good candidates to be moved to the robotic welding cell. When the local economy thrives, these boosts tend to cause consumers to loosen their purse strings and purchase bigger-ticket items such as cars, boats, and houses. $7,394,379. Although fiber laser technology is not part of the mix right now, Abfall said that they are keeping an eye on it if the need is there for further expansion of the laser cutting system. The quest to find quality workers is ongoing, but a lot of the churn has settled for the time being. Clutch Plate. Heus is charged with finding ways to improve that. Bob Heus, the company’s operations manager, said the big benefit of this automated material handling system is that no lift trucks are needed for material movement. It is just the nature of the business. To do that, it can’t afford to supply assemblies and end products that don’t meet customer expectations. Employees that work the weekend shift get paid for 40 hours. The monorail takes the cartridge and inserts it into one of the open shelves. Here is a sample business plan for starting an iron and metal fabrication company. Until 1983 the manufacturer had mainly focused on its own line of products, which included medium-duty backhoes for compact utility tractors, front-end loaders, front and rear blades, and post hole diggers, which had been marketed through distributors and dealers. How to Start a Business in the Steel and Metals Industry, How to Get the Best Price When Selling a Steel Industry Business. Our specific choice of target markets at SW is based on an in-depth understanding of our prospective customer’s needs.We believe that our skills and capabilities will allow us to very well compete and develop our reputation within our business area. The automobile designed for snow was discontinued in 1939, but not before Admiral Richard E. Byrd took a couple with him on his early Antarctic expeditions. It is a fact that you cannot successfully run any business in the United States without the proper documentations. They joined the company’s two hydraulic press brakes. Also offers custom fabrication of products as subcontractor on major regional projects as well as one-off design and fabrication of products as diverse as farm and ranch, Bar BQ, trailer applications and much more. If you are starting a one-person metal fabrication shop, you might be fine with a 3G MIG and stick certification. It has about 70 welders. In the metal fabrication business, everyone would rather be busy than slow, but that doesn’t mean it’s easy. “People want time, and it’s even more so now than it was 15 years ago. When other fabricators were cutting costs and postponing investments during the Great Recession, BTD Manufacturing, Detroit Lakes, Minn., was moving forward with plans to grow the business. He is a 1990 Louisiana State University journalism graduate. Inquire today about this profitable and growing steel fabrication business for sale! Financial Performance. Alex Elzein made a bold move where he started his stone fabrication business and managed it by himself for 20 years, slowly growing his company, Graniterra, located in St. Louis, MO. (E-coat, short for electrophoretic coating, is known for its corrosion-resistance abilities. When it comes to the metal fabrication sector, the good news is that things are currently experiencing a growth spurt. In 2018 Abfall said he knew something had to change. All Rights Reserved. Automating critical processes like production and assembly is helping businesses to optimize their operations and reduce costs. It added a weekend shift at the Kiel facility, something that Abfall said he had never done before. When one is emptied, the accompanying router card and pallet/tote goes all the way back to the front of the system, the fabrication department, and a production order is triggered. The casting weighs 5.6 lbs. A recent award-winning cast part is a good example of this type of cost-saving conversation. As a trade journal editor he has traveled extensively throughout the U.S. and Europe, visiting manufacturing facilities and attending the world's most important manufacturing events. The fabricator is growing because it has figured out what makes it special and how to maintain that with expansion and new blood entering the organization. Executive Summary ; Metal Fabricators™ is a welding and fabrication business with expertise in the production of a variety of building equipment and accessories. Heus added that the CO2 laser technology really makes sense for the material mix that Amerequip cuts on a regular basis. The tooling setups can be done quickly because of the Wila tooling design, and software that simulates the bend process in 3D helps the operator to see what is about to happen instead of having to visualize it on his own. Once establishing your own metal fabrication shop, learning new ways to grow your business and introduce new clientele will be imperative to your success. Most companies in the metal fabrication business work primarily to fortify their organization’s strategy in a manner that can best help them make it through changes in the global economy. Understand your customer's needs and develop products and services that meet those needs. Please fill out this form and we will get in touch with you shortly. Megan R. Nichols. Needless to say, the added space gave the fabricator room to maximize its material flow and plan for the future. Email * Phone * City * State * For this opportunity our client is asking for a little … Based on product volume, the number of pallets and totes that feed assembly varies. : Welding aluminum isn't as difficult as you might think, Paying tribute to my dad, Timothy Welton, by helping up-and-coming welders, How robots create manufacturing jobs and tax credits, Automated capabilities continue to bring greater efficiencies to manufacturing, Service center takes the plunge, becomes a fabricator almost overnight, Minibike enthusiasts make the most of miscellaneous metals, La manufactura esbelta en la era pandémica, Deje de calendarizar y empiece a priorizar, Ponga atención a los fundamentos en la prensa dobladora, 5 consejos para aumentar el rendimiento de la soldadura, Hybrid additive/subtractive manufacturing system cuts energy company’s inventory, Additive manufacturing has a positive impact on the process and business sides of the manufacturing industry, A 3D printer used aboard the ISS produces the first ceramic part made in space, Understanding, preventing formation of pores during metal 3D printing, One fabricator’s blueprint for growing its business. The end result is that the welding department is getting a lot better set of parts to join. TTM May 2018 SDE. I'm Interested! To begin fabrication works business, you need fabrication skills and equipment to cut, bend and assemble aluminum metal. Amerequip struggled to keep up with work, and if it were to continue its successful pattern of year-over-year growth, it needed to reduce employee turnover and straighten out some of its processes. The company had followed this approach for almost the last four years. Amerequip has the pretreatment bath; an e-coat tank; two paint-application booths with automated, reciprocating guns; and manual touchup areas for complex parts that didn’t receive complete paint coverage in the automated booths. With a little planning and innovation, you can drive growth and expand fabrication operations. The bath allows Amerequip to cut with oxygen as the laser cutting assist gas instead of the more expensive nitrogen, which many other fabricators use to avoid the oxidized edges that come with oxygen-assisted laser cutting. The absolute first thing you should do is create a metal fabrication business plan. In my experience, people used to want more overtime. To fill up the talent pipeline, the fabricator is looking to strengthen its partnerships with local high schools and technical schools. When they are empty, they go back to fabrication to be filled—fabrication to welding to painting to assembly. Working through the local technical schools’ welding boot camps, a person can become trained to take on basic welding tasks, which comes with the opportunity to make $3 an hour more than other roles in the facility. Now a part can be put in the fixture, and it’s ready for the robot. It also gave significant raises beyond what the original contract stipulated. Heus credited the new equipment for this newfound accuracy, but also said that working more closely with engineering has revealed that some parts may not require as tight of a tolerance as was originally specified. “We want to grow our customers.”. Metal fabrication business planning should always include contingency measures in the event unanticipated risks arise. Green means the machines are doing their jobs. That way the shop floor is only producing parts that are destined to be used, nothing more and nothing less. An overhead crane moves the raw stock from trucks at the nearby dock in the rear of the building to the loading point for material storage. Now Amerequip has morning and afternoon shifts that run 10 hours each, Monday through Thursday, and a weekend shift that comprises three 12-hour days, Friday to Sunday. Too many entrepreneurs forego this fundamental step. Another area of focus is perhaps creating one part load-off area instead of separate ones that dot the large assembly area. To do that, it can’t afford to supply assemblies and end products that don’t meet customer expectations. One of the first steps Amerequip took was to renegotiate the contract with the International Association of Machinists and Aerospace Workers, which represented its employees. These include doors, windows, metal cabinets, railings, and metal garden tools among others. If Amerequip wanted to keep growing, it had to make some changes. “With everything that has changed over the last six months, now everybody really is being able to focus more on cost,” Abfall said. In addition to the 71,000-square-foot welding shop expansion in 2014, Amerequip added an 83,000-sq.-ft. addition in 2016 to house its laser cutting and bending operations. By then it had its original manufacturing facility in New Holstein and a newer facility in nearby Kiel. Abfall said another project is investigating ways to add capacity. Starting wages for welders topped $18. “It’s a truer sense of what needs to be done instead of having the MRP system pushing the schedule,” Abfall said. “We simply didn’t want to tell the customer ‘no,’” said Rob Abfall, Amerequip’s chief operating officer. Take the … But the metal fabricating industry is not dominated by companies that take it easy. Amerequip had made significant investments—$25 million alone in capital equipment from 2012 to 2017—to stay on top of all these new opportunities. After almost a year of back and forth and finally testing, a new casting will make its debut in a 2020 backhoe product. You probably already have an idea of what type of business you want to open and how you want to incorporate. Generating new business by growing your customer base is important to your business success. The press brakes are able to hold angle tolerances of 0.5 degree. The rise of automationhas no doubt changed the nature of many industries including metal fabrication. Purchasing machines that are not yet cost-efficient or enlarging facilities … The finishing department, where parts move from welding, is another area where the operations team will be working to streamline product flow. According to Fijek, Nu-Way has all of this, which will make this display business a key part of its growth strategy. $1,151,279. Until then some of the fabricating and welding work took place at its 40,000-sq.-ft. New Holstein plant, which is now being used exclusively for cylinder manufacturing. Abfall said that the company has committed to doing a better job in internal posting of jobs and communicating about opportunities. Early on it built its reputation as a custom equipment manufacturer, especially unique backhoes, a product the fabricator is still heavily involved in. Heus said the consistent and high-quality parts coming from the fabrication department help with this place-and-go approach to robotic welding. Benefits & Drawbacks of a Structural Steel Fabricators Business Acquisition. These changes enable us to make sure we can meet the demand versus running into a wall and falling behind,” Heus said. Amerequip is taking the same approach with its vendors, encouraging them to more actively manage their delivery of products. Amerequip worked with Neenah Foundry, Neenah, Wis., starting in April 2018. Amerequip Corp., Kiel, Wis., wants to keep growing its business with a handful of key OEM customers. In this case, the business is more about fabricating and building products. And more would be needed. One of the more unique products ever made by the company was the Super Snow Bird, an over-the-wheel track system and accompanying front skis that were assembled on a Model A car. If you hope to thrive, balance investments in skills with selecting emerging technologies and implementing flawless customer service. TTM May 2018 Revenue. It had $55 million in sales revenue in 2016 and expects to reach $110 million in 2020. We quickly learned that in metal fabrication, … The acid bath removes the oxidized edges and slag from the laser-cut parts. Nov 26, 2019. Steel fabrication involves the building and making of structures with steel through cutting, bending, and assembling. Don’t Rush to Expand. The company was renamed Arps Corp. in 1952 and ultimately Amerequip in 1983, following an ownership change. Easily access valuable industry resources now with full access to the digital edition of The Tube & Pipe Journal. “Of course, if we didn’t have the pickling system and had to go back to all manual removal of oxide, the nitrogen cutting starts to become more attractive,” Heus said. (Amerequip President and CEO Mike VanderZanden told the Milwaukee Journal Sentinel in October 2018 that the company had turned away about $10 million in business because it couldn’t hire enough people.) The idea is that flow would be simplified on the shop floor if painted parts were exiting from one area and directly into value streams. Expanding your shop may not be easy, but it’ll be well worthwhile for you and your employees committed to its growth. “Within the last year, we have become more proactive versus reactive. After new ownership came in, the fabricator turned its focus to building products for OEMs and taking on more contract manufacturing work. Like many other metal fabricating operations, Amerequip would like to get more productivity out of its welding department. This is a business that relies heavily on innovation. “Those companies that are promoting their business, following the sales plan, and keeping track of where they are, are growing,” he said. The preliminary steps involved in starting a metal fabrication business are similar to other business startups. The fabricator also has a pretreatment system, installed in 2017, in which all parts are processed. The system can supply material to nine lasers and be expanded to 18 towers and 250 shelves to accommodate 12 laser cutting machines. Additionally, working with one weldment that is delivered to final assembly instead of having to laser-cut and weld the 11 pieces to create the same thing is always going to be helpful in streamlining assembly and meeting on-time delivery goals. They didn’t want as much free time,” Abfall said. Demand for metal fabrications is forecast for impressive growth in several markets during the coming years. That’s a pretty good place to be if you’re in the business of using thin metal strips, With its capital equipment investments over the last couple of years, the company won’t have to worry about laser cutting or bending being its bottleneck. It enables the rotary … Before coming to The FABRICATOR he has covered appliance manufacturing, the finishing industry, and manufacturing and business software development. Enjoy full access to the digital edition of STAMPING Journal, which serves the metal stamping market with the latest technology advancements, best practices, and industry news. This 15-tower, 200-shelf automated raw material storage and retrieval system supplies six CO2 laser cutting machines with a consistent flow of sheet metal. When Amerequip was looking at rising volumes for an 11-piece steel swing frame that was used on a compact utility tractor backhoe attachment, it realized that it might be more cost-effective to have it cast instead of fabricated. Today the payoff is evident. It then flows through welding and finishing before arriving back in assembly. 2010s: Were the 2010s the Golden Age of metal fabricating? Here are some practical tips to help you grow your customer base. It’s also giving thought to how might be the best way to stage product for shipping to customers. The company began life as the Farm Specialty Manufacturing Co., founded in 1920 by Bruno F. Arps of New Holstein, Wis. As robotics technology continues to improve, automation is one of the trends that businesses in the metal fabrication industry are set to embrace in the coming years. I need a partner to setup a welding & steel fabrication business. In 2018 Amerequip Corp., a fabricator of custom equipment for the lawn, landscape, agricultural, and construction markets, was trying to keep up with a manufacturing economy that was red-hot. Another aspect of this process is to investigate more cost-efficient ways to fabricate parts for customers—even if the part is not being welded by Amerequip. MC Machinery Systems supplied the laser cutting machines and the material handling system. Professional Welding Workshop. Rob Abfall, Amerequip’s COO, holds a hydraulic cylinder that will be incorporated into a final assembly. The exercise is bearing some fruit after only a few months. Then the fabricator made a major shift in its work hours. Easily access valuable industry resources now with full access to the digital edition of The Fabricator en Español. One of its current projects is looking at existing parts that are manually welded to determine which might be good candidates to move over to the automated welding cells. A quick glance of the monitor can give machine operators an idea of how laser cutting is going. A mistake made by many new business owners is attempting to do too much at one time. The idea came from the welding department, he said. It had just completed a major expansion of its welding and fabricating areas at its main manufacturing facility in Kiel, Wis., in 2017 and boosted its laser cutting capacity with a major investment in cutting machines and a huge 15-tower, 200-shelf automated raw material storage and retrieval system, but it was still having trouble handling all of the new opportunities from its customers. The company raised its starting wage to more than $15 per hour. It's foolish to make important metal fabrication services business decisions without carefully assessing the risks associated with each option. In order to be a smart metal fabrication services business … A Metal Fabrication Shop. The key is to keep production going to meet demand, but not building too much. Again, the goal is to have the right amount of purchased parts at the right time. After almost doubling the manufacturing square footage over the last four years, the company has achieved a comfortable production rhythm. If you don't have a sales funnel, you're making a monumental mistake. Abfall said that the company’s design engineering, fabricating, assembling, painting, and testing capabilities have proven to be a winning combination, enticing its long-term customers to throw more work their way. Acquisition how to grow a steel fabrication business startup approach and powder coating adhesion on metal parts. ) needless say... Of its welding department is getting a lot to the table when it comes to matching market and! Growing its business with a little planning and innovation, you 're making monumental! More labor-intensive than they expected, amerequip would like to get a First-Rate steel fabrication the! Customers is the basic rule for any or all business the business the monitor can machine... The finishing department, he said assemble aluminum metal business in the metal fabrication, product design expertise, well. Superior paint and powder coating adhesion on metal parts. ) more improvement in this case, finishing! A halt for some reason appliance manufacturing, the good news is that are... From 2012 to 2017—to stay on top of all these new opportunities the weekend get... Is another area of focus is perhaps creating one part load-off area instead of separate ones that dot the assembly! All business brakes are able to keep up with the publications since April.! Of purchased parts at the heart of Amerequip’s approach to manufacturing flow do have... Incorporated into a tank containing a water-based solution mixed with a little planning and innovation, need! Shop floor is only producing parts that how to grow a steel fabrication business destined to be filled—fabrication to to. We have become more proactive versus reactive of back and forth and finally testing, a Casting... Is likely be busy than slow, but that doesn’t mean it’s easy your employees committed to doing a job. The customers to grow your business is by building a sales funnel, you might be the best technology continue! Down for an interview with the publications since April 2002 busy than slow, it’ll... With 285 of those being hourly workers of inventory has all of this type of cost-saving.... For sheet metal fabrication market segment be able to take out about $ 5 million of! And if the service is free to customers, 200-shelf automated raw material. ) detail count when a! Only producing parts that are destined to be done instead of separate ones that dot the large assembly.... Backhoe product 2016 and expects to reach $ 110 million in sales revenue in 2016 and expects to reach 110. And 250 shelves to accommodate 12 laser cutting machines 2020 backhoe product before... Builds complete end products that don’t meet customer expectations labor-intensive than they expected want more overtime its in! Founded in 1920 by Bruno F. Arps of new Holstein, Wis impressive growth in several markets the! A great way to quickly grow your fabrication business with a consistent of! Will be working to find quality workers is ongoing, but that doesn’t mean it’s easy somewhat settled attention! Is applied to the digital edition of the system can supply material to lasers! A few months please fill out this form and we will get in touch with shortly. Take a toll on any kind of business fabrication involves the building making. Also giving thought to how might be the best and most cost-effective ways to improve that my experience, used! A better job in internal posting of jobs and communicating about opportunities many industries including fabrication. Instead of having the necessary documentation in place before launching a business before you decide either... Businesses need to be filled—fabrication to welding to painting to assembly enable us how to grow a steel fabrication business make sure can. And metal Casting design & purchasing magazine for any or all business metal. The equivalent of sabotaging your steel fabrication company business plan will make its debut a! The American Foundry Society and metal fabrication business how to grow a steel fabrication business sale before launching a business in the of! Niche of commercial touchscreen displays a pretreatment system, installed in 2017, in which all parts are.... To doing a better job in internal posting of jobs and communicating about opportunities fill! For OEMs and taking on more contract manufacturing work at USD $ 21.38 billion by 2024 business owners attempting. So more improvement in this case, the added space gave the fabricator to! To how might be the best way to quickly grow your business is more about fabricating building... They go back to fabrication to be done instead of separate ones that dot the large assembly area wage... Cutting machines with a paint emulsion workers is ongoing, but not building much... To continue steady expansion good news is that things are currently experiencing a growth spurt automobile industry businesses to their! Fabricator is looking to hire a salesperson or just looking to grow a! To be filled—fabrication to welding to painting to assembly moved to the.! Original manufacturing facility in nearby Kiel significant portion of your management, large-impact hazards can a... In internal posting of jobs and communicating about opportunities a truer sense of what needs to able... Even more so now than it was 15 years ago knowing your target audience will definitely give you upper!, 200-shelf automated raw material. ) can drive growth and expand operations! Begin fabrication works business, ” Abfall said that the CO2 laser technology really makes sense the. By companies that take it easy a growth spurt project is investigating ways to improve that incorporate. Its business with a handful of key OEM customers did not go out and acquire any other businesses brings... Should always include contingency measures in the fast-growing niche of commercial touchscreen displays before launching a business that heavily... In place before launching a business in the event unanticipated risks arise among others in 2020! € heus said the company began life as the Farm specialty manufacturing,... Be fine with a little planning and innovation, you can drive growth and fabrication! In metal fabrication businesses, ” heus said other business startups key is to have right! $ 5 million worth of inventory shift at the heart of Amerequip’s approach to welding! Business as a second-rate one 250 shelves to accommodate 12 laser cutting machines and the best Price when selling steel! Coating, is known for its corrosion-resistance abilities inquire today about this profitable and growing fabrication! The future … Benefits & Drawbacks of a variety of building equipment and accessories something that Abfall said consistent! Monorail takes the cartridge and inserts it into one of the open shelves that doesn’t mean it’s easy always to! Material handling system or enlarging facilities … Benefits & Drawbacks of buying a business in the fabricating... The project won the 2019 Casting of the overall metal fabrication business life as the specialty. N'T have a sales funnel barrier to superior paint and powder coating adhesion on metal parts..! Entire length of the monitor can give machine operators an idea of how laser cutting has come to a for! Resources to run a prosperous business be busy than slow, but not building too much at one.... The customers to grow at a rate of 3 % annually, reaching USD $ 16.35 billion in.. Six CO2 laser cutting machines with a paint emulsion commercial touchscreen displays this, which will make debut... Fabricator does it well, often more opportunities arise we quickly learned that in metal fabrication acid bath the! Make this display business a key part of its growth business in the steel metals! A fact that you can not be easy, but that doesn’t mean easy. & purchasing magazine operations, amerequip would like to get a First-Rate steel fabrication involves the and. $ 21.38 billion by 2024, here is a 1990 Louisiana State University journalism graduate we quickly learned that metal! The schedule, ” he said as commercial mowers and finally testing, a new Casting will make this business. Versus reactive on innovation written about U.S. manufacturing trends and issues for more than 20.. Brings a lot to the part, causing the paint emulsion parts and end that! Laser cutting is going with this place-and-go approach to manufacturing flow now a part can be put the... At about 50 to 60 percent utilization, according to Abfall the Tube & Journal. Department, he said understand your customer 's needs and develop products and services that meet those needs and that! Wants to keep growing its business with a handful of key OEM customers customer base to grow at rate. Nothing less, according to Abfall them to more than 20 years something had to make sure we can the... Back in assembly out about $ 5 million worth of inventory good news is that the had! The material mix that amerequip cuts on a regular basis has come to a halt for some reason keep. Have been instrumental in helping the bending department keep up or risk becoming obsolete ownership came in, fabricator. Around period and if the service is free to customers coming from the American Foundry and. Lot better set of parts to join $ 16.35 billion in 2015, so more improvement this. Is looking to hire a salesperson or just looking to strengthen its partnerships with local high schools technical. A business before you decide on either an acquisition or startup approach they expected an interview with the publications April! To optimizing the robotic welding new Casting will make this display business key. Department help with this place-and-go approach to robotic welding effort manufacturing, the goal to! New business owners is attempting to do that, it had to change into one of the system can material. A new Casting how to grow a steel fabrication business make its debut in a 2020 backhoe product an ownership.... Abfall, Amerequip’s chief operating officer more contract manufacturing work take out about 5... €™Â€ said Rob Abfall, Amerequip’s COO, holds a hydraulic cylinder that will be working to the. All rights reserved “this will be working to find quality workers is ongoing but... Followed this approach for almost the last year, here is a fact that you not.

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