Tariffs are a Drag on Ohio Manufacturing Growth
Despite higher steel prices in the wake of tariffs many fear could decimate the domestic manufacturing sector. Cleveland’s Stripmatic Products closed 2018 on a high note.
The maker of stamped tubular sleeves commonly used in auto suspensions and chassis launched three new parts and added eight new positions since June. It has three more new parts slated to go into production soon and two second-shift jobs open that it’s been unable to fill for four months. Its order backlog is the strongest it’s been in nearly a decade.
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