Materials Costs Rise at Record Pace

May 18, 2021 – According to Associated General Contractors Chief Economist Ken Simonson, the producer price index (PPI) for nonresidential building construction – a measure of the price that contractors say they would charge to build a fixed set of buildings – increased 1.2% from March and 2.3% year-over-year (y/y) since April 2020, while the PPI for material and service inputs to…

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Buckingham Named Vice President of Manufacturing for PPI

Precision Inc. announced that effective Jan. 15, Matt Buckingham has been named the new vice president of manufacturing for Precision, Pulley and Idler (PPI). Buckingham has most recently been president of the Firearms Division for Smith & Wesson Corp. in Springfield, Mass. Buckingham was responsible for the overall performance of five major brands. Prior to joining Smith & Wesson, Matt…

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PPI Offers EZ Mount Pulley System

PPI offers the EZ Mount Pulley System, which features a unique pulley and shaft arrangement that allows for fast, safe and economical bearing and shaft replacement without removing the pulley from the conveyor. It reduces maintenance time, downtime, and scrap loss by using rugged engineered stub shafts. The pulley and shaft system is manufactured to CEMA standards and Mine Duty…

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