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Heat treating - Plating - Powder coating. Regional Need: “Regarding … heat treating, plating and powder coating services, (we) lose a lot of bids because.

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Presentation on theme: "Heat treating - Plating - Powder coating. Regional Need: “Regarding … heat treating, plating and powder coating services, (we) lose a lot of bids because."— Presentation transcript:

1 Heat treating - Plating - Powder coating

2 Regional Need: “Regarding … heat treating, plating and powder coating services, (we) lose a lot of bids because the cost associated with sending them out … is way too expensive.” -Northland Machine Itasca County, MN GrowMN Survey

3 Partners:

4 The Survey: 100 Regional Businesses – Manufacturing – Machining – Aviation Supply and Demand – Heat Treating – Plating – Powder Coating

5 Industry Insight: “Poor steel with a superior heat treating will outperform a part made of good steel with poor heat treating. Proper heat treating for the intended use of a part is the single most important characteristic of that quality part.” -Precision Manufacturing Journal October 2013

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9 The Results: 46 out of 100 surveyed responded 25 Businesses utilize at least one metal treatment 11 Businesses utilize all three metal treatments

10 The Results: The average distance businesses in the region currently source these treatments is over 270 miles, one way.

11 The Results: $4MM per year spent on heat treating $5.5MM per year spent on plating $2.5MM per year spent on powder coating

12 The Bottom Line: Over $12 MILLION of untapped revenue leaves our region each year

13 Marketing: 16 Potential Expansion & Attraction Prospects

14 Expansion & Attraction: Heat treating o Regional expansion prospect Powder Coating o Regional capacity: Northstar Aerospace Plating o Attraction prospect: MD&M Conference

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