Schmitt Industries Announces Industry Survey Results
- SBS Ranked #1 in Quality
- SBS Ranked #1 in Service
- SBS Ranked #2 in Value
- SBS Ranked #3 in Product Depth
The grinding industry is evolving in the pursuit of increased efficiency, higher production, and dependable feedback from balancer components. These grinding customers require high quality and dependable support to ensure their machines are operating at peak performance. Further, customers value responsive service to reduce down time and to optimize machine performance.
As a partner with many grinding customers, SBS products are sold to machine tool manufacturers (OEMs), machine tool rebuilders and grinding machine customers worldwide.
“This survey confirms our understanding of the grinding industry and their desire for both high quality and superior service. The SBS Team, under the leadership of
“Additionally, we view the Product Depth ranking as an opportunity to partner with select high quality manufacturers to expand our depth and heighten our offerings for continued support of our customers. We look forward to enhancing these survey findings with customer checks.”
This document may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. These statements are based upon current expectations, estimates and projections about the Company’s business that are based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including, but not limited to, general economic conditions and global financial concerns, the volatility of the Company’s primary markets, the ability to develop new products to satisfy changes in consumer demands, the intensity of competition, increased pricing pressure from both competitors and customers, the effect on production time and overall costs of products if any of our primary suppliers are lost or if a primary supplier increases the prices of raw materials or components, the ability to ramp up manufacturing to satisfy increasing demand, maintenance of a significant investment in inventories in anticipation of future sales, existing cash levels which may not be sufficient to fund future growth, fluctuations in quarterly and annual operating results, risks associated with operating a global business including risks from international sales, reduction in demand or loss of significant customers, changes in foreign import tariffs and currency fluctuations including the United Kingdom’s likely exit from the
For further information regarding risks and uncertainties associated with the Company’s business, please refer to Schmitt’s
The forward-looking statements in this release speak only as of the date on which they were made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release, or for changes to this document made by wire services or internet service providers.
For more information contact:
|Donna Witkowski, SBS President
(503) 227-7908 or visit our web site at www.schmitt-ind.com
Source: Schmitt Industries, Inc.