N.C. Family-owned Manufacturer Has Best Year Yet #AmericanManufacturers
Leading up to Independence day – we would like to celebrate American manufacturers! The National Association of Manufacturers (NAM) is centered around four values they believe makes American manufacturing exceptional – free enterprise, competitiveness, individual liberty and equal opportunity. NAM has a nice write up focused on a manufacturer in North Carolina that just had its best year yet! Via NAM
Ketchie, a 71-year-old family-owned machine shop based in Concord, N.C., is thriving, thanks to the benefits of tax reform.
Company president Courtney Ketchie Silver is quick to note that tax reform made a transformative impact on its business.
“Because of tax reform, our customers are expanding,” Silver explained. “They’re investing in new equipment, they’re expanding their shopfloors. There’s a general level of confidence, and that’s resulting in increased demand for Ketchie’s products.”
In fact, 2018 turned out to be Ketchie’s best year yet in its seven-decade history. 2018 sales increased a whopping 25 percent year over year.
“Because of this huge demand, Ketchie was able to make a number of capital investments,” Silver said. Overall, Ketchie pumped nearly $500,000 into capital equipment last year, which will help the company continue to meet demand for years to come.
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