Manufacturers are facing a very competitive market not only within North America but globally. To be successful in today’s market takes much more in depth understanding challenges and opportunities in the global marketplace. Member firms in the UHY International global network provide that necessary information to give your company a competitive advantage. In addition, our team is focused on financial, operational, and supply chain challenges facing the industry. We are confident that our professionals will exceed your expectations.
Some of the industry sub-segments we serve:
Challenges facing the industry:
Strategies for success:
Please contact us to learn more about how your company can benefit from these strategies and more.
According to a new Standard & Poor’s report, there are two key indicators that will tell you what kind of shape the manufacturing industry is in.
Based in St. Louis, Missouri, US, Sunnen Products Company (referred to as Sunnen) is a global leader in the design, manufacture and distribution of bore sizing and finishing equipment, engine rebuilding equipment, and tooling and abrasives. Its honing products are used in the sizing and finishing of cylindrical bores for internal combustion engines; in mechanical gears; in hydraulic valve bodies, blocks, and cylinders; and in petroleum extraction tubes, among others.
The company’s prime markets include automotive and transportation, construction, mining, aerospace and energy. Customers range all the way from small, owner-operated machine shops to large, publicly-traded original equipment manufacturers.
Not only are many manufacturers wondering how the tax law changes will fuel the economy, but how will the key provisions impact my business. Well, usually most answer(s) provided by your advisor take on a typical response like “it depends,” and in some regards that is the case here. However, before we get into specific benefits under the new law, let’s step back and look at what this means from a macro level.
According to a new Standard & Poor’s report, there are two key indicators that will tell you what kind of shape the manufacturing industry is in. The first is the Institute for Supply Management’s Purchasing Manager’s Index and the second is the Federal Reserve’s Capacity Utilization Index for motor vehicles and parts.
On April 26, 2017, the White House distributed a memo describing President Trump’s goals for tax reform. The memo lists the following four points under business reform: reduced business tax rate, territorial tax system, one-time tax on repatriation of trillions of dollars held overseas, and elimination of tax breaks for special interests.