Category: Newsletters
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Aerostar Manufacturing Supplies Engineered Components to the EV Industry
Aerostar Manufacturing is growing as a supplier to the OEMs and Tier 1s in the Electric Vehicle (EV) industry. With a long history of providing high-quality, precision components to our Tier 1 and OEM customers, it is obvious that Aerostar is a natural go-to partner for its customers in the EV segments. “Our portfolio of…
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Aerostar Adds Large Casting Manufacturing and CNC Machining to Its Portfolio in India
Aerostar Manufacturing recently added manufacturing of large castings and CNC machining capability to its portfolio in India. It can supply single piece precision machined casting exceeding 40,000 lbs. The present customer base for such large parts include industrial compressor and air-conditioning industry, municipal entities, construction and mining, earth moving, power generation and marine industry. There are not many…
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Aerostar Supports Major OEM with 20K/week International shipments
When considering manufacturing overseas, many companies immediately look to the cost of freight. Freightos.com recently reported a reduction in freight costs to US Ports by an average of 77% in comparison to 2022 costs. With the Global Freight Index continuing to fall, costs of freight from neighboring countries increasing via the near-shoring methods many have employed,…
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India Hosts the Largest Auto Component Show in New Delhi
In January, New Delhi was home to the largest auto component show in its history attended by over 800 exhibitors and attended by over 122,0000 delegates from over 65 countries. India has one of the most comprehensive value chain for automotive component manufacturers in engines, transmissions, chassis and other body parts. The automotive industry contributes…
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Global Manufacturing Further Shifts towards India as China Raises Tariffs
From January 1, 2023, China will raise import and export duties on some commodities to balance domestic demand and supply as well as upgrade its domestic industries. China will also be increasing export tariffs on aluminum and aluminum alloys. As the world’s leading steel producer and consumer, China and its market have an outsized impact…
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Strong US Dollar Makes Engineered Components from Cost Competitive Countries an Attractive Buy
Purchasing power due to the strengthening US dollar has made engineered components imports an attractive buy, according to the Wall Street Journal. Economists expect this purchasing power to last through mid-2023.1 Although purchasing power can be seen across cost competitive countries, China is at a disadvantage from the continuation of import tariffs that have been…
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Aerostar Continues to Expand Manufacturing Capabilities in Michigan
Global Manufacturing & Sourcing This last spring, the Governor of Michigan announced in a press release the creation of dozens of jobs from Aerostar Manufacturing’s expansion. The Aerostar expansion is expected to generate a total capital investment of $8.6 million. The Governor of Michigan stated that “we’re celebrating Aerostar’s expansion in our state. This is great news…
