Montreal, QC — Almost two-thirds of industry professionals in Quebec anticipate business activity increasing in the next 12 months, according to a recent survey.
The Society of Manufacturing Engineers (SME) survey was designed to gather information about the economic outlook of manufacturers in Quebec, their spending plans for the future and their views on the recovery of the industry. The survey was conducted to current pre-registrants of the Montreal Manufacturing Technology Show (MMTS), past attendees and manufacturing professionals from the SME’s Quebec database.
The study revealed that, while the recent economic turndown had a significant negative impact on their operations, 64.4% of respondents anticipated business activity increasing in the next 12 months.
“It is clear from the survey data that optimism in the economic recovery continues to strengthen in key regional manufacturing sectors including aerospace, energy, mining, agri-food and transportation. We are seeing hard evidence of this upward trend, particularly in the aerospace sector with the recent string of major deals announced from market leaders including Bombardier, GE, CAE, Lockheed Martin and Bell Helicopter,” said Nick Samain of the SME.
The top industry survey respondents represented aerospace, transportation, medical manufacturing, wind energy, mining, electronics/high tech, energy and consumer products. Additional highlights of the survey were encouraging:
* Significant equipment budgets — 37.4% have an excess of $100,000 to spend on manufacturing equipment over the next 12 months, 22% are over $250,000, and 7.5% are over $1 million.
* Expenditures increasing — 48.9% see their manufacturing equipment expenditures increasing in the near future.
* Stable spending — 39.2% see their expenditures remaining the same.
* Top technologies in demand — automation, assembly, cleaning, coolants, cutting tools, lasers, machining centres, material handling, measurement, metal forming, milling, robotics, turning and welding top the list of equipment in demand.
* Respondents will be evaluating equipment for purchase — more than three-quarters of repondents (75.3%) plan to review technologies for purchase at MMTS.
Scheduled May 17-19, 2010, at Place Bonaventure in Montreal, MMTS is the major forum for manufacturing professionals from Quebec and the surrounding area to source machinery, equipment, supplies and services for all aspects of their operations. The event showcases products ranging from machine tools, fabricating equipment, automation, tooling, design engineering and plant maintenance and is dedicated to helping industry professionals address production challenges and learn best practices to help their businesses thrive.
The event is produced in partnership with the Canadian Machine Tool Distributors Association (CMTDA), Canadian Tooling and Machining Association (CTMA), Canadian Wind Energy Association (CANWEA), and Canadian Manufacturers and Exporters (CME).
To learn more about MMTS, call Nick Samain at 888-322-7333 ext. 206 or visit www.mmts.ca.