Now, it is U.S. manufacturers who find themselves able to produce more for less, and it is our competitors who are scrambling to keep up.
Washington, D.C. (PRWEB) June 24, 2013
Drew Greenblatt, president of Marlin Steel Wire Products and an executive board member of the National Association of Manufacturers (NAM), testified on June 20, 2013 before members of the Energy and Commerce Committee of the U.S. House of Representatives about the competitive edge that increased domestic natural gas supplies have generated for U.S. manufacturing.
“Lower energy prices have made many of our U.S.-based customers more competitive in the global economy,” he told members of the Subcommittee on Energy and Power and the Subcommittee on Commerce, Manufacturing and Trade in a joint hearing titled “U.S. Energy Abundance: Manufacturing Competitiveness and America’s Energy Advantage.”
“Manufacturers across the country are expanding production and winning contracts that, even a few years ago, they had little chance of competing for as foreign companies produced goods at lower costs. Now, it is U.S. manufacturers who find themselves able to produce more for less, and it is our competitors who are scrambling to keep up,” said Greenblatt, who was also speaking as an executive board member of the nation’s largest manufacturing trade association. NAM represents 12,000 member companies who employ 12 million people in every industrial sector and state.
“The energy boost is contributing to our own purchases of steel from Indiana and Pennsylvania; to our need to add overtime for our workers in Baltimore, and our ability to invest in additional automation from robot makers in Illinois and Connecticut to bend wire and cut and shape sheet metal,” Greenblatt said.
He cited projections that production of unconventional oil and natural gas resources will generate $5 trillion in new capital investment and support 3.5 million jobs by 2035, according to an IHS report published a year ago, "The Economic and Employment Contributions of Unconventional Gas Development in State Economies."
Marlin Steel Wire Products builds material handling containers from steel wire and sheet metal for a variety of industrial users, including clients involved in developing and extracting domestic sources of energy. The increase in activity helped Marlin Steel become the 162nd fastest growing private manufacturer in the country last year, according to Inc. magazine.
Marlin Steel Wire Products LLC is a privately held company that manufactures precision-engineered wire baskets and sheet metal fabrications for medical, aerospace, military, energy and telecommunications clients. It exports to 36 counties.