Coming out of a relative period of stability, the cost of most raw materials have taken a noteworthy turn upwards. From aluminum to copper to iron ore, source materials for manufacturing are trending upwards. For instance, since January of this year, the cost of a pound of aluminum has gone from around 75 cents up to about 90 cents. This may not sound like much, but from a big-picture point of view, these numbers can be staggering.
For example, with a $0.05/lb increase on a part that weighs 0.5 lbs for a part with an annual volume of 5,000,000 pcs/yr, that increase of 5 cents will add up to an astounding $125,000 for the year! And that would just be for one part! At Perfection Spring & Stamping Corp. we manufacture thousands of different parts, for a wide variety of customers.
As you can see by this example, the rise of raw material costs can greatly impact the cost of our customer’s custom metal components. Therefore, we keep a diligent eye on these trends. When we see things heading up, we are quick to notify and work with our customers to see how we can best keep their costs down. For example, sometimes we get approvals to purchase larger quantities of material at the lower cost.
As a proverbial one-stop-shop for design to finished product and mass production of precision metal-formed components, Perfection retains a healthy clip regardless of changing market conditions. Indeed, therein lies a secret to our success, namely “The Perfection Advantage” of exploiting economies of scale with production volumes anywhere from 100,000 pieces to countless millions of specialized stampings, fourslide parts, coiled springs, wireforms and mechanical assemblies for customers spanning the globe! Our incredible attention to detail and focus on quality control benefits a myriad of industries such as auto, computers, consumer electronics, construction, medical, home and garden, HVAC, plumbing, toys, solar, clean energy, and more!
With a name like ours, we have a lot to live up to and, since 1955, we have strived to do just that as a global supplier of precision metal formed components. We work tirelessly to ensure that our stellar reputation for engineering, service, and quality remains worthy of our name. Having a litany of long term partnerships with companies hailing from around the world, representing a wide variety of industries, we have built our reputation on providing engineered solutions to meet our clients most demanding needs.
Learn more about Perfection by giving us a call at (847) 437-3900 (x411) or by emailing us at firstname.lastname@example.org. Also explore the latest news by reading our blog, following us on Twitter, and connecting on LinkedIn.
We look forward to hearing from you soon!