National Manufacturing Day Highlights Importance of Recycling to U.S. Economy
The Institute of Scrap Recycling Industries (ISRI) joined in the nationwide celebration of National Manufacturing Day, which was held on October 3, 2014, by highlighting the many positive economic contributions of the recycling industry. In 2013 alone, more than 130 million metric tons of recycled scrap is manufactured into specific grade commodities by the U.S. scrap recycling industry.
“On National Manufacturing Day, we recognize the many valuable contributions our members make to the American economy, and its potential for new innovations and job creation in the future,” said Robin Wiener, president of ISRI. “As the first link in the manufacturing supply chain, the recycling industry has been a leader in the U.S. economy, job creation, resource sustainability, energy savings, and global trade for more than 200 years.”
The contributions of the scrap recycling industry to the U.S. economy includes:
- More than $80 billion in sales in 2013
- Generating nearly $24 billion in export sales to 160 countries;
- Directly and indirectly employing approximately 463,000 workers – including an increase of 15,000 since the beginning of 2010;
- Generating more than $87 billion annually in economic activity; and
- Drawing in more than $10 billion in revenue for federal, state, and local governments; and
- Lowering energy costs by producing recycled materials that require less energy during the manufacturing process than virgin materials.
National Manufacturing Day, currently in its third year, occurs on the first Friday of October. It provides an opportunity for American manufacturers to showcase the potential the sector holds and promote interest in future manufacturing careers. President Obama issued a presidential proclamation declaring October 3rd National Manufacturing Day. More than 1600 American manufactures opened their doors to inspire young people to pursue careers in manufacturing and engineering. When the manufacturing base is strong, our entire economy is strong.
TT&E Iron and Metal plays a vital role in the manufacturing industry. By manufacturing raw scrap metal material that is then reused in the creation of new products, they contribute to reducing the amount of mining for natural resources and stimulate the economy. For more information regarding recycling and our services, please visit our website or call us at 919-797-9190.