Hourly rates finished 2003 down again.* Custom injection molding injection molding n. A manufacturing process for forming objects, as of plastic or metal, by heating the molding material to a fluid state and injecting it into a mold. machine-hour rates dropped a little less than one percentage point in the fourth quarter of last year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. survey responses from 232 plants. Our surveys show that average hourly rates dipped dip v. dipped, dip·ping, dips v.tr. 1. To plunge briefly into a liquid, as in order to wet, coat, or saturate. 2. about a point every six months after the initial, much larger, decline in early 2001. On the other hand, most of the economic signs in the latest survey are positive. Average custom molding machine (Woodworking) A planing machine for making moldings (Founding) A machine to assist in making molds for castings. See also: Molding Molding capacity utilization Capacity Utilization measures the rate at which a firm makes use of their capital productive capacities, such as factories and machinery. Capacity Utilization generally rises when the economy is healthy and falls when demand softens. jumped four points to 55%. Although still low by historical standards, that's the first increase since mid- mid- pref. Middle: midbrain. 2002. Almost 31% of respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. increased their capacity utilization from the third to the fourth quarter. That's down slightly from the midyear mid·year n. 1. The middle of the calendar or academic year. 2. a. An examination given in the middle of a school year. b. midyears A series of such examinations. figure, but molders with increased utilization outnumbered Outnumbered is a British sitcom that aired on BBC One in 2007.[1] It stars Hugh Dennis and Claire Skinner as a mother and father who are outnumbered by their three children. those with decreased utilization by 29% vs. only 14% at midyear. Capacity utilization was highest (58%) in the North Central region for the third survey in a row. Utilization was lowest (52%) among South Central molders. New orders for molds gained a whopping 8.6% over the quarter before, according to responses from 161 custom and captive captive said of naturally wild or feral animals kept in captivity for educational and scientific investigation with no attempt being made to domesticate them. mold mold, name for certain multicellular organisms of the various classes of the kingdom Fungi, characteristically having bodies composed of a cottony mycelium. The colors of molds are caused by the spores, which are borne on the mycelium. shops. That's the first increase since the third quarter of 1999. Even the slight decline in the statistical average hourly rate may be misleading, because the vast majority of respondents--82%--reported no change in their rates at the end of last year. High optimism Molders' views of near-term near-term adj. Of, for, or involving a short period of time in the near future. business conditions turned rosier ros·y adj. ros·i·er, ros·i·est 1. a. Having the characteristic pink or red color of a rose. b. Flushed with a healthy glow: rosy cheeks. 2. by far. The proportion of respondents who foresaw conditions improving leaped from 52% in mid-2003 to 66% by year's end. They outnumbered those who feared a downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. by 4:1. Optimism was most prevalent prevalent widespread occurrence. among South Central molders and was weakest in the Northeast.
PROFIT & LABOR IN HOURLY RATES
Deduct these amounts (a) from the figures in the larger table
to arrive at rates without profit, operator, or both.
Press Tonnage Without Profit Without Operator Without Either
<100 12.1% 17.0% 30.7%
100-299 8.3% 12.8% 25.0%
300-499 7.3% 10.6% 21.0%
500-749 5.3% 8.8% 17.6%
750-999 5.8% 13.0% 21.0%
1000+ 4.2% 11.8% 17.6%
(a) Cumulative national averages over many surveys.
CUSTOM INJECTION MOLDERS' MACHINE-HOUR RATES WITH OPERATOR,
PROFIT MARGIN INCLUDED (a) (232 PLANTS)
Dollars Per Hour (High/Average/Low) 4th Quarter 1003
Tonnage Range <50 50-99 100-299 300-499
Northeast $75.00 $85.00 $85.00 $75.00
(ME, NH, VT, MA, CT, $36.67 $41.45 $44.40 $47.01
RI, NY, NJ, PA) $19.67 $23.14 $18.16 $11.91
Southeast $45.00 $50.00 $66.06 $93.59
(DE, DC, FL, GA, MD, $32.04 $36.81 $43.97 $52.54
NC, SC, VA, WV) $17.36 $23.43 $29.33 $35.00
North Central $102.89 $69.42 $104.17 $134.50
(IL, IN, MI, ON, WI, IA, $33.40 $33.89 $40.71 $46.88
KS, MN, MO, NE, NO, SD) $8.07 $10.76 $14.80 $21.52
South Central $108.30 $73.10 $54.15 $216.60
(AL, KY, MS, TN, AR, $35.63 $29.63 $35.27 $49.66
LA, OK, TX) $7.73 $10.09 $17.49 $24.21
West (CA, OR, WA, $75.00 $80.70 $100.00 $97.47
AK, HI, AZ, CO, ID, MT, $42.40 $45.84 $54.62 $62.94
NV, NM, UT, WY) $8.10 $10.41 $11.57 $34.71
National Average (c) $35.86 $37.72 $43.81 $50.52
Tonnage Range 500-749 750-999 1000-1499
Northeast $82.58 $85.00
(ME, NH, VT, MA, CT, $54.11 $58.35
RI, NY, NJ, PA) $40.35 $49.43
Southeast $93.59 $121.11 $58.48
(DE, DC, FL, GA, MD, $65.93 $107.35 $58.48
NC, SC, VA, WV) $46.51 $93.59 $58.48
North Central $124.19 $107.90 $121.11
(IL, IN, MI, ON, WI, IA, $59.93 $69.52 $98.53
KS, MN, MO, NE, NO, SD) $24.21 $49.77 $91.38
South Central $73.98 $94.15 $121.05
(AL, KY, MS, TN, AR, $56.46 $61.48 $105.53
LA, OK, TX) $33.03 $13.45 $90.00
West (CA, OR, WA, $79.36 $98.19
AK, HI, AZ, CO, ID, MT, $68.60 $92.04
NV, NM, UT, WY) $55.05 $85.88
National Average (c) $60.20 $73.58 $92.73
Index
Tonnage Range 1500-1999 2000-2999 3000+ (b)
Northeast
(ME, NH, VT, MA, CT, 82
RI, NY, NJ, PA)
Southeast
(DE, DC, FL, GA, MD, 82
NC, SC, VA, WV)
North Central $148.64 $308.28 $239.41
(IL, IN, MI, ON, WI, IA, $141.57 $209.59 $239.41 76
KS, MN, MO, NE, NO, SD) $133.16 $137.63 $239.41
South Central $120.00 $180.00 $239.41
(AL, KY, MS, TN, AR, $120.00 $180.00 $188.30 72
LA, OK, TX) $120.00 $180.00 $188.30
West (CA, OR, WA,
AK, HI, AZ, CO, ID, MT, 100
NV, NM, UT, WY)
National Average (c) $136.98 $203.29 $228.53
Average Change in Hourly Rates
In Fourth Quarter 2003: -0.7%
(a) An adjustment factor is used where data did not already include
profit and labor. (b) Relative to highest-cost region (which equals
100); value shown is a weighted average for all site ranges. (c)
Weighted geographically according to PLASTICS TECHNOLOGY's
Manufacturing Census.
CUSTOM INJECTION CAPACITY UTILIZATION
2nd Qtr 2001 58
4th Qtr 2001 52
2nd Qtr 2002 53
4th Qtr 2002 53
2nd Qtr 2003 51
4th Qtr 2003 55
Note: Table made from bar graph.
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