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All Economics Are Local

Talan Products was among an elite group of 106 Northeast Ohio mid-sized companies to be recognized at The 2013 Leading EDGE Awards on May 23 at Lorain County Community College in Elyria, Ohio.  In its seventh year, this prestigious award was developed by The Entrepreneurs EDGE to recognize value-creating, mid-sized companies in the region. Qualifying companies operate within the 17 counties of Northeast Ohio and generate revenues up to $750 million, a portion of which must be outside the region.

Honored companies were identified by the value they create in our regional economy, based on a sum of their EBIT (earnings before interest and taxes) and total taxable compensation for all Northeast Ohio-based employees.

“We are honored to be recognized for the 7th time as a top contributor to the economy of Northeast Ohio. We strive to be a major part of our local economy, and it is nice to have the metrics to prove it. Everyone knows ‘all politics are local’; to some extent, I feel all economics are local also.” – Steve Peplin, CEO.

Talan Products is a full service metal stamping company and manufacturer of tooling and engineered parts dedicated to meeting and exceeding our customers’ expectations. Over the decades we have become one of the most acclaimed and highly regarded stampers in the United States. We produce a variety of products for over 150 customers in the fastener, building products, solar, appliance, hardware, defense and transportation markets.

About EDGE
EDGE drives growth for companies by bringing together their leadership teams to share best practices and inspire each other to pursue the biggest opportunities.   EDGE is a 501(c)(3) non-profit, and is the only Northeast Ohio economic development group that is focused on helping mid-sized companies strengthen their leadership teams in order to take their companies to the next level.

For more information, contact EDGE at 6801 Brecksville Road, Suite 160, Independence, Ohio 44131, 216.469.8299 or edgeneo.org.

Metal Stamped Construction Components Featured In Crain’s Story On The Overall US Housing Market

Crain’s Cleveland Business reporter Dan Shingler recently spoke with Talan Products’ President, Steve Peplin about the resurgence of residential building and how that resurgence in turn affects our business. Steve mentioned having met with a client and reviewing the ABI – the Architectural Billings Index which is a  gauge of construction activity. The ABI has been charting up nicely indicating there’s some positive improvement in building.

A couple great quotes from the story, which can be read here on Crain’s Cleveland Business.

Mr. Peplin said his construction-related sales are up by more than 10% in the last six months due to increased construction activity. The vast majority of Talan’s products are linked to the construction market, Mr. Peplin said. That includes items such as brackets and other parts used in the actual construction of homes and commercial buildings, as well as parts for solar panels that are, more often than not, linked to a construction project.

So when data show that construction in the United States is on the way up, that’s a good indicator that Mr. Peplin’s business also will be on the rise, he said. Lately, he has seen signs of strength from more than just the ABI. For instance, the U.S. Department of Commerce reported on March 19 that housing starts for February were at 917,000 nationally — up 10% from the month before and at their highest levels since the recession brought hammering to a halt.

As Mr. Shingler points out in the article, lots of new construction requires lots of stamped metal parts. And as metal stamping companies like Talan add customers and production, we ultimately wind up adding employees to keep pace. So stay tuned!