Top Shops: Racking Investment

Top Shops averaged roughly $100,000 per year in new racking equipment to use on their plating line, according to the Products Finishing Top Shops Benchmarking Survey for plating shops in 2016.

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graph on racking expenditures

 

Top Shops averaged roughly $100,000 per year in new racking equipment to use on their plating line, according to the Products Finishing Top Shops Benchmarking Survey for plating shops in 2016.

The mean was just under $74,000 per year, while the median was $25,000. Shops that were not in the Top Shops (20th percentile) spent roughly $5,000 per year.

New racking equipment is essential to modernizing operations and improving efficiecies in plating operations. The newer equipment usually improves throughput and reduces rejects.

For more information, please visit the Products Finishing Top Shops Benchmarking Survey Zone HERE

Editor Pick

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.