#TOPSHOPS

Products Finishing Announces Top Shops Benchmarking Program Updates

Beginning in 2021, Products Finishing’s Top Shops Benchmarking program will include a new sourcing platform that expands the benefits of participation.

Electroplating

2020 Top Shops Benchmarking Survey Results for Electroplating & Anodizing

North American Market Shows Mixed Results for the 2019 Reporting Year

Electroplating

2020 Top Shops for Electroplating and Anodizing

Data from the Benchmarking Survey is used to name 50 Top Shops, which are listed along with their top official.

Electroplating

Valence Surface Technologies-Lynwood Plant Ranks First in 2020 Electroplating Operations

Los Angeles-area facility gets top marks in this year’s Products Finishing North American benchmarking survey.

April Issue: Electroplating/Anodizing Top Shops

The April issue of Products Finishing is now available. Below you’ll find a few highlights from the issue as well as additional featured articles and other online content.

Powder Coating

Minding Your Own Business

The Products Finishing Top Shops Executive Summit in October 2020 will give you that opportunity.

Electroplating

Products Finishing Top Shops Executive Summit Planned for 2020

Owners and managers of plating, liquid and powder coatings shops to converge at singular conference to share best practices in peer-to-peer setting.

Powder Coating

2019 Top Shops for Liquid and Powder Coatings

The data from the survey is used to select the overall Top Shops, which are listed along with their top official.

Electroplating

Introducing Industry ∞.0. The Future Has No Limit.

We sit at ground zero in time, technology and geography of this fascinating development.

Electroplating

American Metal Coatings Tops Out at No. 1 Electroplating Operation

Ohio’s American Metal Coatings is the No. 1 finishing operation in North America based on the Products Finishing Top Shops Benchmarking Survey.

Anodizing

Armoloy's New Owners Use Simple Marketing Strategy to Build Electroplating Business

Nolan Hannan and Jacob Meier purchased Armoloy in 2017, and knew they wanted a data-driven shop that they provided information on how well the shop was operating, and where improvements could be made.

Powder Coating

Burkard Industries Climbs the Ladder to No. 1

The Michigan shop makes its way to the top of the 2018 Products Finishing Top Shops Benchmarking Survey.

Electroplating

How to Read Your Top Shops Customized Benchmarking Report

Video from Michael Guckes from Gardner Intelligence explains how to read and understand your Products Finishing Top Shops Benchmarking custom reports you received if you took part in the recent survey.

Electroplating

Top Shops: Annual Pretreatment Chemical Purchases

The Top Shops spent about $200,000 a year on pretreatment chemicals in the latest Products Finishing Top Shops Benchmarking Survey, well above the median and averages in the industry.

Electroplating

Top Shops: Plating Chemical Expenditures

The average plating shop spent just over $586,000 on chemicals in 2017, with the median at $235,000. The Top Shops, however, spent roughly $760,000 on plating chemicals in the most recent Products Finishing Top Shops Benchmarking Survey, while the remaining 20th percentile averaged just $45,000 a year.

Products Finishing Top Shops Management Stage

Products Finishing will showcase the best-run finishing shops in North America at the Top Shops Management Stage at Sur/Fin, where owners and managers will be on hand to discuss what makes their plating and anodizing operations some of the most efficient and profitable in the business.

Electroplating

Top Shops: Quote-to-Book Ratio

The Products Finishing Top Shops in electroplating were able to book about 76 percent of the jobs they quoted in 2017, far more than the 15 percent that other shops booked.

Electroplating

Top Shops: Active Customers

The number of active customers for the top plating shops in the Products Finishing Top Shops Benchmarking Survey is almost five times that of all other shops in the survey. 

Top Shops: 2018 Estimated Growth

The most productive plating shops in the 2018 Products Finishing Top Shops Benchmarking Survey say they will grow by about 15 percent this year, compared to just 5 percent for all other shops.

Top Shops: Gross Sales per Finishing Line

The best run shops in the Products Finishing Top Shops Benchmarking Survey average about four times the revenue per finishing line than all other shops, according the 2018 survey data. The Top Shops averaged about $2 million in gross revenue per line, while those in the 20th percentile averaged around $450,000.

Top Shops: Type of Operation, Liquid/Powder Coatings

More than 66 percent of the shops that took the Products Finishing Top Shops Benchmarking Survey for liquid and powder coaters say they consider themselves a “job shop,” which is an independent shop with less than 50 percent contract work.

Top Shops: Finishing Usage Per Day

The average was 13 hours per day, and the median was 12. All other shops used their lines about 9 hours per day. The statistic shows how much utilization the shop was having in a typical day, showing that most Top Shops have two shifts operating on most workdays, while other shops have just one.

Top Shops: First Pass Quality Yield

In the 2017 Products Finishing Top Shops Benchmarking Survey for liquid and powder coatings, the Top Shops (those in the 80th percentile) averaged 99 percent approval on first pass inspection, while all other shops had a 94 percent pass rating. The median was 98 percent, and the mean was 93.8 percent.

Powder Coating

Top Shops: Colourfast’s Commitment is to Quality.

Canadian shop specializes in custom coatings for institutional furniture, seating, store fixtures and home décor.      

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