Manufacturing Industry
Demand stays strong, prices remain stable.(Brief Article)(Statistical Data Included)
Purchasing, October, 2000 by PEI, JIANFENG
The market for health and safety equipment is very strong this year because of the booming manufacturing and construction activities. Prices are expected to remain stable in spite of soaring fuel costs. "The market has been strong for several years and this year it is even stronger," says Nevin Speisher, vice president of marketing, Airgas Inc, a leading distributor based in Radnor, Pa.
"We expect demand for safety equipment to grow 7%-10% this year." The strong economy is the major factor driving up demand. With the unemployment rate keeping at nearly record low levels, more people are joining the labor market and requiring more health and safety products. "Manufacturing and construction industries, which are major markets for safety equipment,...
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