Prince Industries Inc. is a globally recognized premier manufacturer of precision machined and sheet metal fabricated components. The company has embraced the challenges of today’s rapidly changing manufacturing marketplace and meets the most demanding applications from short runs, immediate delivery of JIT components to high volume production.
The company’s three facilities located in Carol Stream, Ill., Batavia, Ill., and Shanghai, China, range in capabilities from CNC milling, turning and Swiss screw machining to precision grinding and honing to engineering and development and global manufacturing and outsourcing. The
company serves industries with needs in earthmoving and construction equipment, telecommunications equipment, dental X-ray equipment, exercise equipment, barcoding machines, industrial building products, locks, printing and labeling equipment, electronic switch gear, dental cleaning devices and automotive controls.
Prince Industries was established in 1959 in Carol Stream by the Miller family. Early production focused on the Brown and Sharpe screw machines. In the 1970s, Prince Industries expanded its operations and customer base by purchasing a metal fabricating plant. With the commitment to continue to grow and progress, Prince Industries changed and adapted itself to meet the market needs of its customers in the last 15 years.
In 2001, when one of its large clients asked Prince Industries to oversee its outsourcing to China and to import all the parts, Prince began to investigate a new role in China. After discussions with other clients, Prince realized there was huge potential for it to build a trusted, high-quality business
in China. In 2003, Prince Indus-tries opened its facility in Shanghai, China.
“One of the issues with running an international company is commitment,” says Mark Miller, CEO of Prince Industries. “We have to spend a lot of time traveling and supporting each element of the company. One of the practices we have implemented is to cross train our staff. We send people back and forth so everyone is able to benefit from the different methods. Each facility has different ways of doing things and sharing those experiences is beneficial to having our manufacturing facilities run and produce efficiently.”
Prince Industries opened in China with the goal of selling into the Chinese market. In 2003, all products that were manufactured in Shanghai were exported back to the United States, but today, 75 percent of all production in China is sold to Chinese businesses.
Prince Industries has found PMPA’s international outlook and passion for following the Chinese market and currency right in line with their own business goals. That is just one of the benefits Prince has found within PMPA since it became a member in the early 1990s.
“One of the most valuable features PMPA offers is the networking abilities. The management update conferences allow us to talk to different companies from across the U.S. and allow us to ask them questions about their manufacturing and management strategies,” Mr. Miller says.
The 2010 management update conference that Mr. Miller attended was the most beneficial.
“Another benefit we receive from PMPA is the listserves,” Mr. Miller says. “It is great to see the information exchange that takes place on them. To have competitors and other businesses offer advice and insight to a question is priceless.”
Prince also found the economic data PMPA offers valuable. “I have a tremendous amount of respect for the economic data PMPA provides to its members. A few years ago at the beginning of the global economic downturn, PMPA Economic Report had predicted that we would have a recession and provided that information to us before our business was affected.”
In summary, Mr. Miller says, “PMPA offers us unlimited resources that would not be available to us otherwise. We are members of various local organizations, but having access to a national networking membership, national information and data cannot be replaced.”
Prince Industries Inc. is located at 745 North Gary Avenue, Carol Stream, Ill., 60188-1812 Phone: 630-588-0088. Fax: 630-588-0099. Website: princeind.com
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Starting on Thursday August 8, 2024, PM will begin “gating” its premium content, asking all new website users to provide some information about themselves — name, title, employer, email address — before they are provided free access to the content.
We are doing this because the ways PM’s audience finds and accesses our content is changing. Google’s search algorithms, increasingly, make it difficult to connect PM’s content with the people who might make use of it. On top of that, generative AI like ChatGPT is serving up PM content to internet users without attributing that content to PM.
As a result, it has become increasingly important for PM evolve its audience development strategy and learn as much as possible about who is accessing our content, what content they are accessing and how they are accessing it.
With this audience development strategy, we hope to do two things:
First, we will be better able to deliver directly to our audience the editorial content that aligns with the machining materials, processes and technologies that interest them.
Second, we will be better able to connect the materials, equipment and services our advertisers supply with the audience that is most interested in them.
PM plays a distinctive role and has earned a place of esteem within the focused and specialized industry it serves. Large developments in the media landscape are forcing us to change the way we communicate with our audience. We are confident that our audience values the role PM plays in their professional lives and will join us in this effort to stay connected to them.
We thank you for your continued interest in and support of PM and welcome any questions you might have about the brand’s new content gating strategy.
