Las Vegas Sunshine Illuminates Warmer Business Climate
Lovejoy, Inc. Detects Positive Upturn at Trade Show
(PRWEB) April 7, 2005 -- The sun is shining and the temperature rising in
domestic manufacturing, according to all indicators detected by Lovejoy, Inc.
executives attending the ConExpo-Con/Agg 2005 trade show this past month in Las
Vegas, Nevada.
Senior executives from the company pinpointed a few key
signals that the business climate is improving for the manufacturing, aggregate,
construction and mining industries. These indicators include: show attendance in
terms of quality and quantity, the size and type of equipment displayed at the
show, and the number of serious inquiries with intent to
purchase.
Serious Buying Mood
In terms of attendance, most
corporations sent personnel from design, engineering or purchasing departments.
According to Jim Mahan, Director of Engineering for Lovejoy, Inc., “The high
quality of the personnel companies sent to represent themselves at the show
demonstrates a positive attitude. When the economy slows down, companies might
send the end user or influencer, but not the purchaser or specifier, because
funds are held more closely and purchasing decisions are delayed.”
In
addition, Mahan noticed many booths displayed large equipment clearly designed
and manufactured with a better market outlook in mind. “The type of equipment on
display was specially manufactured. These are not stock items. Companies build
these specialty pieces expecting to sell them before or after the show, and from
multiple conversations we had and our own experience with customers, the
equipment did sell and further orders ensued.”
Rich Kasprzyk, Lovejoy
Sales Engineer for the ROSTA® line of suspension systems and motor bases,
concurred with Mahan’s assessment of the show. “The quality and quantity of
attendees was great. We came away with several leads and requests for quotations
from across the country.”
Not only that, said Kasprzyk, “The mood was
definitely upbeat and very positive. Everyone indicates the economy is looking
up.”
Going Beyond the Game Plan
At its booth, Lovejoy, Inc.
concentrated on displays showcasing the quality of ROSTA® suspension systems and
motor bases, tensioners, dampening and vibration-limiting parts and equipment
for the aggregate and mining industries. In addition, the company introduced a
new line of LV-Torsional couplings, designed and built to offer an inexpensive,
economical alternative for the agricultural market and off-highway industrial
equipment industry.
The enthusiasm at the show and a meeting of creative
minds spurred additional uses and applications for the LV-style torsional
couplings that were not even in the original plan, said Mahan. Lovejoy engineers
and product managers will be working on these additional applications in the
months to come. In particular, Mahan indicated that companies that deal with
equipment for road maintenance and repairs expressed great interest in Lovejoy
couplings available for both Diesel engine and hydraulic applications.
Two different styles of the new coupling are available; the LV-torsional
coupling for u-joint drive systems and LV-C for direct-drive systems.
Agricultural usage would attach this style coupling to Diesel engines driving
deep well and centrifugal pumps, while the industrial industry uses this type
coupling on engines that run hydraulically powered portable
compressors.
The Lovejoy Torsional coupling type-LV line horsepower range
is from 150 to 625 at 1800 RPM, with five available sizes. The LV-C type
coupling horsepower ranges from 50 to 425 at 1800 RPM and is available in six
sizes.
For the Lovejoy/ROSTA® product line, the company gained insight
into a better understanding of the MRO and OEM needs as they relate to adapting
the various products.
Several different demonstrations at the booth help
illustrate for attendees the superior engineered quality, durability and
performance capabilities of the Lovejoy/ROSTA® products. One displayed a rice or
bean shaker mounted on AB elements to illustrate stability. Another product that
lends stability and improves safety is ROSTA® mountings that eliminate vibration
on stairs and shaker screen structures, demonstrated with actual stairs visitors
could climb to test the product.
Back on Track
Not only did Lovejoy
executives make contact with new distribution channels, the show offered an
excellent opportunity to build relationships with new vendors who supply raw
materials for Lovejoy’s domestic manufacturing operations.
“All in all we
believe that U.S.-based domestic manufacturing and service companies are going
to experience a better year,” said Mahan. “That’s one of the best outtakes from
this show, that domestic manufacturers and industrial operations have weathered
the storm and are working together to pump up the overall
economy.”
Founded in 1900, Lovejoy enjoys an international reputation as
the leading company specializing in flexible coupling design and development.
Lovejoy products are available worldwide through distributors in North America
and 55 other countries, supported by Lovejoy offices and support staff in
Canada, Europe and the USA. Lovejoy, Inc. is certified under the ISO-9001:2000
International Standards for Quality Management.
For more information,
visit Lovejoy’s Web site at www.lovejoy-inc.com, or contact Lovejoy, Inc., corporate
offices at 2655 Wisconsin Ave., Downers Grove, IL, 60515, USA. Phone
630-852-0500; fax 630-852-2120; e-mail inquiries e-mail protected from spam
bots.
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Source : http://www.prweb.com/releases/2005/4/prweb225912.htm