News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Knight Foundation

Area Agency on Aging 10B, Inc.


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Northeast Ohio manufacturing benefits in two ways from Utica drilling
Cheaper energy prices and a new demand play out in manufacturing growth
by WKSU's M.L. SCHULTZE


Web Editor
M.L. Schultze
 
Drilling rigs like this one in Carroll County are big customers for steel, and also supply the cheaper energy that are a big part of the cost of making steel.
Courtesy of FILE PHOTO
Download (WKSU Only)
In The Region:

The relative boom in manufacturing in Northeast Ohio over the last two years has had a lot to do with natural gas prices and infrastructure. WKSU’s M.L. Schultze has more on a new report on manufacturing that looks at what’s happened to Northeast Ohio  jobs over the last two years – and what’s likely to continue.

LISTEN: Manufacturing and the impact of Utica shale

Other options:
Windows Media / MP3 Download (1:06)


The report by Cleveland State University for the Manufacturing Advocacy and Growth Network says manufacturing jobs, wages, exports and regional product all grew – with the jobs at better than double the national rate.

 The report links the growth largely to two things: Exports and drilling in Eastern Ohio’s Utica Shale. It notes that places like V&M Star in Youngstown and U.S. Steel in Lorain are making materials directly for shale development. But Magnet CEO Daniel Berry says – as importantly – is what the drilling has done to natural gas prices.

“The Utica Shale is creating a demand for more steel to be used in the drilling production process: the drill bits, the pipes, the rigging for the wells. But it’s also contributing to a lower cost of energy, which reduces the cost of production.”

Berry noted, for example, that 20 percent of the cost of making steel is energy.

The report also says Utica has helped plastic manufacturing by cutting the cost of ethane, which will be processed at plants in Eastern Ohio.

The 2013 MAGNET report says manufacturing jobs climbed by 8 percent, led by exports and drilling supplies. 
Here's the link to the report: 
http://www.manufacturingsuccess.org/Portals/0/Manufacturing_Brief_2013.pdf 

 

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Ohio to appeal ruling keeping Akron's red light cameras in place
I don't understand what all the fuss is about. If you don't like tickets drive the speed limit and stop at red lights. It's really all up to you.

Who's on public assistance in Ohio?
legalize marijuana get over it,,, its here its been the main drug test scare of a lifetime. u got people that get drunk every night and work u got peoples on ...

Letters from a lost friend: A Beachwood survivor's Holocaust remembrance
What a great story -- and how important it was for both Marlene and her mother to tell it! Thank you.

Ohio lawmaker calls for an East Cleveland bailout
Instead of blaming Kasich and the Republicans for all of East Cleveland's fiscal woes, take a look at the facts. Some political entities in Ohio are too small ...

Legalized marijuana is a boon for a Cleveland-area grow light maker
Shouldn't he be in jail for paraphernalia? He knows he is selling for marijuana production.

Akron city council to vote on resolution for hiring ex-offenders
Great as a taxpayer I paid for the police to catch them, the free lawyer, the jail to house them , the food their kids eat the medical for them and all its goin...

5 of 8 rule headed for a vote
this is just another way for kasich to pass the buck and claim that it gives the local districts control. Few schools have enough money because of his cuts. T...

A passionate debate about parole in Ohio
I was heartened to hear that the legislators will consider ANY legislation to break the chains the parole board has put on these old law offenders who have serv...

Bill would allow Ohio religious leaders to refuse to do gay marriages
This is just a lot of political posturing. The free exercise clause of the 1st Amendment already protects clergy from being forced by civil authorities to perfo...

Copyright © 2015 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University