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Socma Members Expect Sales Increase

10:37 AM MDT | April 12, 2010 | Vincent Valk

Members of Socma expect sales to increase this year, citing the improving U.S. economy as a reason for optimism, according to the group's annual survey. About 90% of Socma members expect to see sales rise during 2010. "Based on this year’s results, the overall outlook for the industry is more positive compared to last. Many firms cite plans to at least consider investment in new capital equipment this year and at least maintain current capacity utilization over the next few years," says Socma President Lawrence D. Sloan. The survey reflected the...

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