SIC 3061 Molded, Extruded, and Lathe-Cut Mechanical Rubber Goods

Encyclopedia of American Industries | 2005 | Copyright

SIC 3061
MOLDED, EXTRUDED, AND LATHE-CUT MECHANICAL RUBBER GOODS

This category covers establishments primarily engaged in manufacturing molded, extruded, and lathe-cut mechanical rubber goods. The products are generally parts for machinery and equipment. Establishments primarily engaged in manufacturing other industrial rubber goods, rubberized fabric, and miscellaneous rubber specialties and sundries are classified in SIC 3069: Fabricated Rubber Products, Not Elsewhere Classified.

NAICS Code(s)

326291 (Rubber Product Manufacturing for Mechanical Use)

Industry Snapshot

Molded, extruded, and lathe-cut goods are used in various types of machinery and equipment. End uses for these products exist in automobiles, oil and gas equipment, appliances, farm equipment, and construction machinery. About 600 firms in the United States make molded, extruded, and lathe-cut goods. Due to the diversity of end uses, the market is fragmented and no single company has dominated the industry. The sector also faces strong foreign competition.

According to U.S. Census Bureau, the value of shipments for this industry in 2000 was $7.7 billion, and the number of employees totaled 60,447 (of whom 48,698 were production workers).

Many of the products in this segment are custom-made to various end-user specifications. As such, manufacturers often sell them with a higher profit margin. Such customer orders have helped this sector show a higher rate of growth in shipment value compared to other industries.

Entering the late l990s, the recovery of the U.S. automobile industry began to fuel growth in industrial rubber products, which find more than half their end uses in cars. Other areas of growth in the early 2000s were expected to be manufacturing, mining, construction, oil and natural gas, appliances, and agriculture.

Competition from imports and other materials such as plastics, which cut processing time by eliminating the curing step necessary to rubber production, were expected to hold back overall growth. As automakers continue to ask for just-in-time delivery to decrease inventories, the advantage of plastics provides a competitive edge in some uses.

Background and Development

The term "molded goods" encompasses a wideranging group of products whose shape...

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