If you follow the latest news and trends in American manufacturing, then you likely know that the industry is in the midst of a major recovery. Production and overall competitiveness in manufacturing is at levels not seen in many years, which is good news for business owners, manufacturing workers, and the country in general.
What this also means is that the economy is improving, and as this continues, along with more production, the demand for industrial machinery is expected to increase significantly. In fact, according to a recent report from IHS Technology, demand for manufacturing machines is expected to grow over 6%—more than twice the increase seen in 2013—and revenues are expected to reach $1.6 trillion this year.*
Furthermore, this rising demand for machinery and technology will result in a demand for mining tools and equipment. In fact, within the mining industry, experts predict that the global demand for mining machinery will grow 8.6% between now and 2017, reaching $135 billion.**
Steel and aluminum production, along with developments of other mining opportunities and growth in agriculture and construction, will push this demand throughout the world, with “voracious demand for mined materials”** in many developing countries serving as an incredible boost to the mining and mining equipment industries.
What does this mean for us and our customers? As premier manufacturers of the highest quality centrifugal clutches for clients in the mining industry, we see this as great news. Industrial clutches and centrifugal clutches are crucial to the mining industry, as well as to agriculture, construction, and many of the other industries in which machinery demand is expected to grow, and this means our clients will continue to see a demand for their products, and more need for ours.
All of our clutches ensure ease of maintenance, start loads efficiently (making them energy efficient), and can be customized for specific applications. This means that as your needs increase, you can be sure you will get the centrifugal clutches you need to meet and exceed your demands and expectations.
As we continue to see a rise in mining and industrial equipment requirements, we will look forward to making sure we do our part to keep this growth and success going strong.