From Metal Powder Industries Federation
We can view the current state of the powder metallurgy (PM) industry through short-term fear-tinted glasses or as long-range opportunities. Just like U.S. manufacturing in general, the PM industry has been impacted negatively by the current recession and plunging automotive production.
Beginning on a hopeful note, the PM industry in 2008 weakened in the second half, especially in the final quarter mainly due to a sharp decrease in auto production in November and December.
However, we should never forget that the PM industry was built during difficult times. Many of the early pioneers and entrepreneurs got their start during the Great Depression. Their spirit of innovation, hard work, and grit overcame mountains of obstacles in the years that followed. That same spirit is still alive today, and will hopefully sustain the industry during these current difficult times.
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