Story excerpt provided by Crain’s Cleveland Business.
Written by Rachel Abbey Mccafferty.
Manufacturers across the nation have opened their wallets to buy more tooling and equipment this fall. That’s driving business for the companies that make those products, and it indicates growing optimism in the industry at large.
Bill Beattie, president of Bardons & Oliver, a machinery maker in Solon, Ohio said companies across the country are approaching 80% capacity utilization, which is a high number based on historical norms. Customers that might have been putting off purchasing equipment are having a harder time doing so now, he said. Bardons & Oliver makes equipment for processing tube, pipe and bar for a diverse range of industries, including energy, automotive and agriculture. The employee-owned company, which has about 100 workers, also provides contract machining services.
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Originally published November 23, 2014.