- Written by Administrator
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After considerable time, it seems that stamping plants are making a comeback. It's been years since the big economic dip of 2008 and it's been slow going ever since. Automotive manufacturing companies were hit hard and then it had a trickle down effect. Suppliers on all tiers suffered. Especially with the fall of GM into bankruptcy. I personally know people who lost millions because GM owed them. Some even suffered a "clawback" of money they were already paid. Anyway, that is now in the past. One reason stamping shops are busy is because so many went out of business. This left few suppliers available to fill orders. When demand popped up, then the those who were left became very busy.
In fact, big challenge now is getting new machines. It seems that it takes many months to years to get a new machine built and delivered. Of course, used machines would be great...the problem is, that, so many were destroyed after the economic decline. If you are looking for used machines, you can check out this company: http://goo.gl/crwpex
All in all, it's good to see that companies are coming back. It's just too bad so much was lost in between time.