Masonry Magazine July 2008 Page. 32
Manufactured Stone: Riding the Economic Wave
By Jennie Farnsworth
The economy has proven to be quite difficult for many industries to contend with during the last year. With crude oil and the consumer price index continuing to skyrocket (Energy Information Administration/Bureau of Labor Statistics), national unemployment rates at 5 percent (Bureau of Labor Statistics), and a massive 1.1-million jump in 2004 poverty rates that has continued to increase for four consecutive years (U.S. Census Bureau), it's a wonder businesses are able to tread these economic waters. However, there are many niche markets, such as manufactured stone, that are prospering despite these economic turns of events.
In speaking with representatives from the manufactured stone industry, many cite the formation of the Masonry Veneer Manufacturing Association (MVMA), aggressive research and development, new product lines, and quality products at a lower price point as factors for keeping their businesses healthy.
30 Masonry
July 2008
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