2017 met the manufacturing industry with a forecast of ups and downs. With the inauguration of U.S. President-Elect Donald Trump, the border wall, NAFTA, and other economic factors, expectations were understandably guarded. So how did the year pan out for the global manufacturing industry? Let’s review.
Manufacturing will always continue to play an essential role in the global economy being the foundation for success of other industries and business sectors. When productivity in manufacturing is healthy the national economy strengthens, creating new innovations and job opportunities along with it.
In April, companies like Caterpillar and Citibank, boldly raised their 2017 forecasts for both sales and revenue as mining showed signs of recovery. Effects were seen across Asia and Canada. China, specifically, sought a strong demand for their investment in infrastructure and residential projects.
As for Canada, we’re facing an age of innovation, energy efficiency, and exports. As a part of a three-year strategic plan for manufacturing endeavors, we’ve worked towards strengthening export ties with U.S. Public transportation, social systems, and the housing market are also attracting large investments like millennial settlements. As always, Canadian manufacturers are gearing to explore reduction of carbon emissions and better wastewater policies to stay globally competitive. At Meteor, this is a part of our 2017 (and beyond) initiative.
No matter the state of the industry, the part that will always remain at the forefront are the customers who help create supply and demand. Requiring design, engineering, and production, companies spanning the continents come together to fulfill new concepts in development of the latest and best working technologies. Here at Meteor Foundry, we meet those needs through crucial services like prototyping to final production. Our capabilities meet both low and high volume requests.
At Meteor Foundry we have partnered with giants such as Siemens, Howden Ventilation Air Systems, Husky, ABB, GE, and more, all of whom bring a robust demand. Our team of advanced engineers and dedicated employees ensure that quality and service meet the full expectations of our clients.
2018 is gearing up to be a great year offering exciting opportunity, join us by send your most challenging casting projects, we shall be pleased to provide you with a quotation.
Continue to follow our blog, Twitter, and LinkedIn for industry-wide updates. To hear more about our products or services, please contact us today.
We’d like to thank you all for reading and wish you a very happy and healthy holiday season! Until next year!
– The Team at Meteor Foundry