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Products Finishing Top Shops had an 80 percent quote-to-book ratio, far higher than the remaining shops, which had a 16 percent quote-to-book ratio. The median was 50 percent of jobs booked, while the average of all shops was 51.2 percent.
Percentage of Shop Sales from 80% of Customer Base
The percentage of customers who account for 80 percent of overall shop sales was at 34.6 percent for Products Finishing Top Shops, while the average of all shops was 27.3 percent. The median was 20 percent, and all other shops had an average of 10 p...
KAL Capital Markets Launches New Firm
Firm’s professionals assist clientele on all aspects of mergers, acquisitions, and accessing the capital markets, with a focus on the aerospace and defense.
Columbia Chemical Launches New Website
Columbia Chemical, a global manufacturer of surface finishing additives, announces the launch of a newly designed website offering visitors a more user-friendly experience.
Arlington Plating Co. Opens Anodizing Operation
Arlington Plating Co. (APC) announces the installation of an anodizing line at its Palatine, Illinois, headquarters.
Hazard Waste Management Hours Per Week
Hazardous waste management is one of the hardest responsibilities of a finishing shops due to the regulatory requirement of local, state and federal agencies. The average plating shop in the 2016 Products Finishing Top Shops Benchmarking Survey spen...
Analytical Testing Hours Per Week
Shops that spend a considerable amount of time analyzing the parts they have coated perform better in most matrix in the Products Finishing Top Shops Benchmarking Survey, conducted earlier in 2016.
Lou Hirbour, former Technic VP, passes
Hirbour had been with Technic for 50 years, beginning as a salesman in the Northeast U.S. in 1961. In later years, he developed Technic’s West Coast regional sales operations and was instrumental in opening the Asian markets for Technic products.
Scrap/Rework Rate as a Pct of Shop Sales
We surveyed plating shops on their scrap and rework rates, and asked them to determine what it was as a percentage of overall sales. The Top Shops came in at a much higher rate of 4.0 percent, which may mean they scrutinize their finished parts more...
Arlington Plating Appoints Brian Isola Vice President of Sales
Brian Isola has been appointed vice president of sales by Arlington Plating Company.