Monday, September 03, 2012

Voss Industries LLC increases staff as demand in commercial aviation sector grows

Increased demand in the commercial aircraft market is giving a lift to a local company in the supply chain. 

 Voss Industries LLC, a metal fabricator in Cleveland's Ohio City neighborhood that makes clamps, couplings and ducting for aerospace, defense and industrial clients, is enjoying a banner year thanks to its commercial aerospace work, said Daniel Sedor Sr., president and CEO of Voss.

Privately held Voss doesn't disclose actual sales, but Mr. Sedor said revenues in 2011 were up 25% over 2010. And through the first half of this year, revenues were 29% ahead of last year's first-half total, he said.

Voss generates 40% of its business from the aerospace sector and is seeing increased orders from big clients such as Boeing Co. and Airbus. The two aviation giants are supplying airlines globally that are replacing older aircraft with newer, more efficient models and also are selling aircraft to nations such as China, which Mr. Sedor said still is developing its commercial fleet.

The Federal Aviation Administration in its 20-year aviation forecast predicts available seat miles — a standard benchmark of airline activity — to increase 2% to 3% annually in the United States. Air travel is growing at an even faster pace in other countries, especially those that are developing a commercial aircraft industry for the first time — and Voss is positioning itself to handle the demand all that activity will generate, Mr. Sedor said.

Read more here:  http://www.crainscleveland.com

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