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Join Date: May 2006
Location: Roseville (Detroit area), Michigan
Posts: 49

stackpoole77

09/15/2006 2:29 PM

I work for a prototype and low volume (up to 100,000 eau) stamping shop near Detroit Michigan. Things are very tough here these days due to the downsizing of all the automotive plants in the area. We are a new company and have very low overhead compared to more glamorous shops. We have been making a very good mark and keeping very busy but we are having trouble getting paid from all of our local customers. It seems that all the money has left Detroit. I am wondering if any of you could suggest a strategy to break in to more stable stamping markets, such as anything non-automotive, decorative, or architectural stampings. We have capabilities to stamp almost anything up to 1,000 tons. We also have 5-axis laser and robotic welding. Any Suggestions would be greatly appreciated. stackpoole77@yahoo.com

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Engineering Fields - Agricultural Engineering - Agricultural Mechanization Technical Fields - Technical Writing - Translator Technical Fields - Education - Fluid Power Uruguay - Member - Born and raised.

Join Date: Aug 2006
Location: Montevideo, Uruguay
Posts: 474
Good Answers: 3
#1

Re: stackpoole77

09/15/2006 3:16 PM

About payments:
From the sart what you have is a credit problem. You are giving too much credit to your customers. I know the problem but I think you should ask your accountant for advice, mabe hire a local accounting service to know how much credit you are able to give.

About the markets:
Better you ask at Marketingprofs Those guys can give a lot of help identifying market potential.

From my experience:

Architecture is a fashion business. You could start selling decorative stamped metal like hotcakes and be forgotten in 3 moths. Only warehouse/silo construction is stable. Check if the market is growing or if it can take one more in the fight. With low prices or some new twist you could make it.

Agricultural equipment is very expensive in USA. Buy some agricultural magazines and see if you can make any of those machine sor parts.

Going overseas is always a good option. I think you probably didn't even go over-state. Look for more customers of the same kind. Contact the Secretary of Commerce for assistance. Hire someone who speaks spanish, someone who speaks portuguese, someone who speaks french, and start making phone calls and sending emails to all America. Open the Atlas and check which countries have good automotive industries. I think only Argentina, Mexico and Brazil manufacture cars. Here in Uruguay there is only one small manufacturer.

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#2
In reply to #1

Re: stackpoole77

09/15/2006 4:00 PM

Thanks for the input! We have been looking out of state and we have some good customers out of state. They all pay in 30 days or less, that's unheard of in the current Detroit market!

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Join Date: Mar 2006
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#3

Re: stackpoole77

09/15/2006 11:59 PM

stack, I dont know how much you know about construction. But, if you could design a pan for pan and deck slabs that was inexpensive enough to leave in place and not have to be torn out, you might have a gold mine. Next time you are in a parking garage, or have a chance to visit a cast in place construction site, look up. I had thought of doing something simular with recycled plastic, but the fire codes stopped that thought. You might talk to a local engineering and architectural firm and get their thoughts on the subject.....currently when building a cast in place project, the pans have to be installed and then after curing they have to be torn out again, making the life span of pan forms very short....a little r&d could go a long way on this one.....also, there are a million stamped products in the construction industry. What about a stamped form with architectural details included? like I said...r&d....good luck...zzzgrinch

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Location: Roseville (Detroit area), Michigan
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#4
In reply to #3

Re: stackpoole77

09/16/2006 7:34 AM

Searching for a lasting product line is a great idea and a high priority goal. I will be looking into your suggestions and any additional suggestions would be greatly appreciated. Thanks!

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gussosa (1); stackpoole77 (2); zzzgrinch (1)

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