RVIA Economic Impact Study

The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.

Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .

TriMas Corp. Consolidates Some U.S. and Mexican Locations

Fri Sep 30, 2016

Bloomfield Hills-based TriMas Corp. will finish shuttering four subsidiary locations in three cities by early 2017, all outside Michigan, to find efficiency under ongoing financial and facility improvement initiatives, the company announced Wednesday.

TriMas, a diversified manufacturer of engineered products, said it would shift production at a company in its aerospace division from Paris, Arkansas, to another in Ottawa, Kansas, as well as consolidate work from two locations in Tulsa, Oklahoma, to a third in the same city, in its engineered components division. Its packaging division will shift production from Mexico City into another recently opened location in San Miguel de Allende, Mexico, and TriMas' energy business segment is looking at "options to improve performance" at a location in Wolverhampton, England.

The company did not have an estimate on exactly how many positions would be eliminated in the production moves, but the company told Crain's on Wednesday the moves "are not meaningful" in terms of figuring global employee headcount, which remains about 4,000. More information is expected on one-time consolidation costs and future cost savings, during a third-quarter earnings conference call in late October.

Additional Information: http://www.crainsdetroit.com/article/20160928/NEWS/160929588/trimas-to-consolidate-production-facilities-in-u-s-and-mexico