Printer Friendly


 TWINSBURG, Ohio, Oct. 20 /PRNewswire/ -- For the second straight year, the Hoosier State leads the midwest in manufacturing growth, according to the just-released 1994 Harris Indiana Industrial Database. The new and revised data, available in diskette, CD-ROM, print directory and mailing label formats is compiled and published by Harris Publishing Company of Twinsburg, Ohio, in cooperation with the Indiana Chamber of Commerce.
 "Indiana recorded a 3.9 percent increase in the total number of manufacturing establishments in the state during the past twelve months," said Robert Harris, president of Harris Publishing Company. "It out-performed its neighboring states of Illinois, Pennsylvania and Ohio. Illinois ranks number two with a 2.1 percent increase in total manufacturing firms, followed by Pennsylvania with 0.5 percent. Ohio came in at a 0.2 percent increase. This year's database contains detailed profiles on 10,272 Indiana manufacturing facilities.
 "Our researchers recorded 542 new manufacturing firms in the state during this period," Harris added. "These include plant openings, relocations and businesses established between August 1992 and August 1993. Perhaps one of the most basic indicators of the competitiveness of manufacturing companies in a state is whether companies survive. The level of deletions in this year's Harris Indiana database dropped significantly, indicating a stabilization among existing companies. Last year 508 manufacturing facilities were deleted as opposed to 156 deleted this recording period. In addition, we noted that employment levels in the manufacturing sector jumped 1.5 percent from 732,140 workers in 1992 to 743,385 in 1993. This is not in keeping with the national trend, which has experienced a continual drop in the manufacturing work force."
 Gov. Evan Bayh agrees. "These figures are yet another indication that Indiana's fiscal stability and successful efforts to balance our budget is paying off with manufacturers already doing business in Indiana and those who are attracted here," Bayh said. "Indiana is a cost-effective state to do business in, with the quality of life and quality of work force that manufacturers need in today's competitive international market."
 No one group has recognized more opportunities or explored more possibilities to draw new business to the area than Indiana's Chamber of Commerce. "It is gratifying to see an increase in Hoosier manufacturing growth," said Christopher P. LaMothe, the chamber's president and CEO. "The Indiana Chamber represents many manufacturing firms and has long worked to ensure that the manufacturing voice is heard at the Statehouse. When such input is considered during the legislative process, the result is a business environment conducive to the establishment of new firms and the continued growth of existing ones."
 According to Harris, all but two of Indiana's manufacturing sectors showed growth in new establishments during the past 12 months. The number of companies that produce apparel and textiles grew 11 percent from 237 firms in 1992 to 263 firms in 1993. It also increased employment 13.3 percent during the same period from 9,994 workers in 1992 to 11,318 in 1993.
 Miscellaneous manufacturing establishments grew 6.9 percent during this recording period from 419 companies last year to 448 companies this year. This sector includes establishments primarily engaged in manufacturing products not classified in any other manufacturing group. These include the manufacturers of: jewelry, silverware, musical instruments, signs, toys, games, sporting/athletic goods, pens, pencils, brooms, brushes and other miscellaneous industries. Employment in this group increased 3.2 percent from 18,884 workers in 1992 to 19.48 workers in 1993.
 Measuring, analyzing and controlling instruments manufacturers -- the establishments that produce everything from optical instruments to photographic equipment -- reported a 6.8 percent increase in manufacturing firms from 221 companies in 1992 to 236 companies in 1993. The work force in this sector increased 11.8 percent from 23,418 employees in 1992 to 26,173 employees in 1993.
 Indiana firms producing transportation equipment -- a major group which includes companies engaged in manufacturing equipment for transportation of passengers and cargo by land, air and water -- increased their numbers by 6.7 percent from 481 firms in 1992 to 513 firms in 1993. Employment in this sector jumped 8.8 percent from 86,985 workers in 1992 to 94,594 workers in 1993.
 The lumber and wood products industry grew 6.2 percent from 666 firms in 1992 to 707 firms in 1993. The work force at these companies engaged in cutting timber and producing finished articles made from wood dropped 4.4 percent from 27,702 workers in 1992 to 26,477 workers in 1993. Closely related to the lumber and wood products industry are the manufacturers of furniture and fixtures for households, offices, public buildings, restaurants and stores. Company growth in this sector jumped 5.6 percent from 216 establishments in 1992 to 228 establishments in 1993. Employment in this sector increased 4.5 percent from 20,315 workers in 1992 to 21,230 workers in 1993.
 Another growth market is the chemical industry which increased its number of manufacturing establishments 3.9 percent from 361 companies in 1992 to 375 companies in 1993. Unfortunately, employment levels did not keep pace, but dropped 2.3 percent from 35,333 employees in 1992 to 34,538 employees in 1993.
 Electronic and electrical equipment manufacturing companies increased 3.8 percent from 417 firms in 1992 to 433 firms in 1993. Included in this category are electricity distribution equipment, household appliances, electrical lighting and wiring equipment, radio and television equipment and other electrical equipment. This sector does not include computer equipment. Employment in this group jumped 3.2 percent from 88,261 employees in 1992 to 91,110 employees in 1993.
 Establishments engaged in manufacturing industrial and commercial machinery, equipment and computers grew 3.7 percent from 1,631 companies in 1992 to 1,692 companies in 1993. Workers in this sector increased their ranks by 1.5 percent from 79,805 employees in 1992 to 80,965 in 1993.
 Paper and allied products manufacturing companies increased 3.7 percent from 190 firms in 1992 to 197 firms in 1993. Employment dropped 3.2 percent from 14,742 workers in 1992 to 14,276 workers in 1993. Meanwhile, the related industry of printing and publishing increased its number of establishments 3.6 percent from 1,180 firms in 1992 to 1,223 in 1993. Employment climbed 1.5 percent from 36,420 workers in 1992 to 36,965 in 1993.
 The sector that produces rubber and miscellaneous plastics products rose 3.1 percent from 516 manufacturing companies in 1992 to 532 manufacturing companies in 1993. Employment increased 2.7 percent from 46,698 workers in the previous recording period to 47,940 workers in 1993. Other sectors to show company increases included fabricated metal manufacturing, food and food processing, leather products, primary metals and stone, clay and glass.
 "A clear majority of the manufacturing companies we interviewed expressed optimism about economic conditions," said Harris. "And judging from our new database, they have good reason to be optimistic. The state continues to work on its liabilities, build upon its assets and create a manufacturing community that's healthier today than most would have predicted possible a decade ago. The results are a quality work force, comparatively low operating costs and a government that operates hand-in-hand with business."
 For more information on the Indiana manufacturing database call 800-888-5900.
 -0- 10/20/93
 /NOTE TO EDITORS: A graphic, in the form of a map, detailing by county the total number of reported manufacturing establishments in Indiana in 1993, is available from contact./
 /CONTACT: Barbara Brouse of Harris Publishing Company, 800-888-5900, or, by fax, 800-643-5997/

CO: Harris Publishing Company ST: Ohio, Indiana IN: PUB SU: PDT

AR-DA -- CL002 -- 4323 10/20/93 07:31 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 20, 1993

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters