t o r s as president’s message i c a so b r terry galanis ... · september 30 - october 2, 2014...
TRANSCRIPT
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President’s MessageTerry Galanis, Jr.
In This Issue
President’s Message
Pages 1 & 2
Future Meeting Schedule
Page 2
New Association Members
Page 2
Company Pro�les
Pages 4 & 5
Press Releases
Pages 5 & 7
Design for Success
Pages 8, 10 & 12
Benchmarking Report
Pages 14 & 15
Volume 33 Number 1 March 2014
If you really think about it, trade associations were
formed for one basic reason, to network with suppliers
and competitors in your industry. I am sure when our
founding members formed the GFA, everyone was
extremely cautious about how much information they
shared with each other. After all, you would never want to
give away your competitive advantage. Maybe they were
thinking about the old adage, “keep your friends close and
your enemies even closer.” And by the way, while we are
getting closer to our competitors, let’s do it in a nice place
and enjoy some golf. Let’s face it, that was the way business was done in 1979.
This year, the GFA will be celebrating its 35th anniversary. I can tell you this is not our
fathers’ GFA anymore. We have had to change. Doing business today presents more
challenges than just fabricating gaskets. The customers are demanding more value-added
services, and employee issues and bene�ts are more complex than ever before. Now
our members are eager to network and share all kinds of ideas on issues such as Social
Media, Human Resources, Tax Bene�ts, Information Technology, Contract Administration,
Government Mandates, and many other topics we all deal with daily in today’s complicated
business world. We want more knowledge and we are �nding the GFA might be a good
place to get it. The GFA o�ce recently received a call from one of the GFA’s founding
members and �rst President, Bob Gerschke. Bob expressed how proud he was of the
association he helped found, and how excited he was about the direction the GFA is
heading. I guess we have �nally become the type of association our founders always
wanted, it just took a little more time than they expected to get there. Oh, and by the way,
we still go to nice places, play a little golf, and even have activities for the spouses.
Our economy is expected to grow stronger this year. This is the perfect reason to attend
our upcoming GFA signature event, the “EXPO”. This event sets the GFA apart from other
trade associations. Our members get the opportunity to display their products to over
500 EXPO attendees in Orlando, March 25 to 27. This year’s EXPO will be our 5th since the
�rst one in 2006. Our co-chairmen Judette Savino and Shelby Ricketts, with help from our
Program and Locations Committee, promise that this EXPO is just what we need to get a
jump start into the more robust business climate expected for 2014. We are fortunate to
have the FSA, IADD, and ISD as co-sponsors of this event.
Continued on page 2
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N Here!You
GottaBe
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Fall 2014 Semi-Annual Meeting
September 30 - October 2, 2014
Portola Hotel & Spa
Monterey, CA
Spring 2015 Semi-Annual Meeting
March 17 - 19, 2015
Fairmont Southampton
Bermuda
Fall 2015 Semi-Annual Meeting
September 29 - October 1, 2015
Hyatt Regency San Antonio
San Antonio, TX
Spring 2015 Semi-Annual Meeting
March 17 - 19, 2015
Fairmont Southampton
Fall 2015 Semi-Annual Meeting
September 29 - October 1, 2015
Hyatt Regency San Antonio
March 2014Page 2
GFA Future Meeting SchedulePresident’s Message
(Continued from Page 1)
My two year term as President will come to an end in March.
Like my predecessors before me, I have tried to improve the
value and image of our association. I know I have pushed
the envelope with the subject matter for my President’s
Message and drove Pete and Brian a little crazy in the
process. It has been a privilege to serve as your President.
I was fortunate to have the opportunity to meet all our
new members, get closer to older ones, and have more fun
than I ever expected. I found a quote from my friend and
Past President Clem Foley’s �nal President’s Message that I
thought was worth repeating.
“Try to integrate fun into everything you can and don’t
take yourself too seriously. When people have fun they
collaborate more, they communicate more and they
achieve better results.”
This quote describes our organization perfectly and is one of
the reasons we have been so successful. We must never lose
our ability to enjoy ourselves.
Looking forward, Ken Stober will be taking over as President
of the GFA. Most everyone knows Ken. He is the guy
who chairs our Thursday morning breakfast roundtable
discussions about business topics. Ken is a good friend and
like myself, a second generation GFA’er. His father, Don, was
one of the founding members and a Past President. Ken
runs one of the most successful companies in our industry
and is highly respected for his integrity and fairness. He will
de�nitely make his mark on our association.
Thanks again for your support and friendship over the last
two years; I will see you all at the EXPO.
Visit us online at:www.gasketfab.com
FabricatorsBasic Rubber & Plastics Co.
www.basicrubber.com
Derby Fabricating Solutionswww.derbyfab.com
Engineered Materials, Inc.www.engineeredmaterialsinc.com
Jacobsen Ind.www.jacobsenindustries.com
Motion Industrieswww.motionindustries.com
Premier Internationalwww.premierdiecut.com
Quest Gasket & Supply Inc.www.questgasket.com
Secon Rubber and Plastics, Inc.www.seconrubber.com
New Association Members
Suppliers3F North America, Inc.
www.3f-gmbh.com
Action Rotary Die, Inc.www.actionrotary.com
ALLPax Gasket Cutter Systemswww.guardaircorp.com
Amtec North America, Inc.www.amtec-services.com
Cima NanoTech Inc.www.cimananotech.com
Chemsultants/ChemInstrumentswww.chemsultants.com
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March 2014Page 3
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March 2014Page 4
Company Pro�les
3F GmBH is a producer of high performance emulsion acrylic
PSA tapes, servicing a wide variety of OEM and distribution
clients across the globe. Our European facility operates 6
coating lines just outside of Stuttgart in Germany. The 63,000
sq ft facility located in Charlotte, North Carolina currently
serves as a stocking and converting distribution point for
North America. Plans to install a new coating machine in
Charlotte are underway, o�ering clients increased �exibility
and turnaround on the newest production line in the United
States.
Established in 1995 with a focus on water based technology,
3F has grown to become a leader in both standard tapes and
tapes engineered to speci�c client requirements. We o�er
unique coating capabilities of low to very high coat weights,
up to 17 mils in a single pass, scrim transfer tapes, custom
formulations, in house blending, toll coating, slitting and
spooling to name a few. Our formulations feature low VOC,
low �ame spread and smoke generation characteristics and
can be traced into Automotive, Construction, HVAC, Acoustic
and many other applications. We stock a wide variety of
product for these markets in Charlotte at all times.
Flexibility, Friendly service and Fast responsiveness are the 3
hallmarks of 3F performance. We are proud to be a member
of the GFA and to serve the North American converting
markets. Please contact us at 704-399-6114 with any
discussion or requests.
Excelsior is a custom manufacturer and distributor of
gaskets, washers, seals, o-rings, packings, shims, covers and
other precision parts from both synthetic materials and
metals. We were founded in Rockford, Illinois in 1916 and
are in our 5th generation of ownership.
Our manufacturing capabilities include waterjet cutting,
laser cutting, hi-speed CNC hydraulic presses, CNC traveling
head presses, punch presses, lathe forming / cutting and
rotary die cutting. We also perform converting operations
including slitting, cutting, horizontal or vertical cutting of
blocks or buns and application of adhesives.
We service a range of industries, including aerospace,
compressor/pump manufacturers, electrical, food,
hydraulics, valve manufacturers, plumbing, hardware
and others. We have a full service inspection department
that utilizes computerized vision inspection machines for
both in-house inspection programs as well as performing
outsourced inspection.
We work with a very wide range of synthetic materials.
We also work with certain light gauge metals. A
list of our materials can be found on our website at
www.excelsiorinc.com. We are AS9100C; ISO9001:2008
registered.
Chengdu Teamful Gasket Technology Co.,LTD ( hereafter
Teamful Sealing) was established in 1985 and specializes
in R&D and production of sealing materials and small parts
of sealing gaskets for engines. The products are also widely
used as OEM approval products by several well-known
Chinese engine manufacturers.
The Teamful Sealing headquarters is located in Chengdu
Shuangliu Xihanggang Economic Development Zone, near
the Shuangliu International Airport and city center. Teamful
Sealing’s main products are environmentally-friendly non-
asbestos gasket sealing material (100% asbestos-free),
rubber coated metal material, and expanded graphite
sealing material. Our branch located in the Jiangmen city
of Guangdong is the production base for rubber coated
materials. Teamful Sealing now has over 300 employees
including 30 technical engineers.
Continued on page 5
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March 2014Page 5
Company Pro�les(Continued from Page 4)
Founded in 1963, Frank Murken Products ( FMP ) is a
gasket fabricator and distributor supplying the Aerospace,
Construction, Transportation, Pharmaceutical, Energy and
Semi-conductor markets.
FMP supplies local and global OEM and MRO customers
with die-cut components fabricated from a wide range
of materials including rubber, sponge, graphite, cork and
compressed materials. We also distribute Tapes/Adhesives,
Sealants ( Silicones ), O-rings and Hose products ( Hydraulic
& Industrial ) from marquee manufacturers such as 3M,
Loctite, Tesa, Saint-Gobain, Thermoseal and Parker.
Our value added services include vendor managed
inventory (VMI), 24 hour emergency service, Parker Store
counter service and inventory stocking programs.
We are AS9100:2009 and ISO 9001:2008 certi�ed. FMP is
located in the Capital Region in the heart of Tech Valley of
New York State. For more information, you can contact FMP
online at www.fmproducts.com or call 518-381-4270.
Created in North Carolina as Shurtape Technologies,
LLC, we are a privately owned, global company proudly
serving a variety of markets, from HVAC and transportation
to industrial and packaging, including custom design
packaging and foam converting, and we continually remain
engaged with our markets and the customers and craftsmen
who use our tape so we can deliver what they need, to the
absolute highest standards.
We o�er a comprehensive assortment of tapes, each
engineered to provide consistent and reliable performance.
Our double-sided tapes o�er the versatility and qualities you
need for mounting, splicing and joining applications. For
case sealing, the ShurSEAL™ Solution, which combines our
HP Series packaging tape with a PrimeLoc™ tape applicator,
produces dependable and secure seals, every time. No
matter the task, Shurtape delivers.
As we continue to grow, the basis of our success remains the
same: our relationships with our customers and craftsmen.
It’s why we demand consistent product performance, on-
time delivery and relentless customer service. It is also why
we never stop innovating our product lines, investing in
manufacturing or improving our distribution.
For more information about Shurtape, visit shurtape.com,
�nd us on Facebook® (facebook.com/Shurtape), follow us on
Twitter® (@shurtapetech), or watch our videos on YouTube®
(youtube.com/shurtapetech).
Press Releases
2014 marks the 50th anniversary of Monmouth Rubber and
Plastics Corp. (MRPC) - a leading US manufacturer of closed-
cell sponge rubber and plastic foam buns. All manufacturing
is done at its fully equipped ISO certi�ed plant in Long
Branch, NJ.
For half a century, MRPC has been helping OEMs and
Fabricators develop and solve problems to ensure they
have the right materials to meet the requirements of the
application. Its product development and improvement
program enables OEMs and Fabricators, in turn, the ability to
o�er their own customers e�ective solutions that are hard to
obtain elsewhere.
MRPC attributes its success to having a comprehensive
technical library, which is comprised of the latest expert
Monmouth Rubber & Plastics Corp. Celebrates 50 Years
Continued on page 7
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March 2014Page 6
800.858.0482www.BRPmfg.com
BRP Manufacturing CompanyIndustrial Rubber Sheeting, Extruded & Molded Products
1/64” to 3” Thick • Slit to Width • Buffed to Tight TolerancesAdhesive Ready • Cloth Inserted or Unsupported • Mil-C-882
Custom-engineered PVC foam and foam tapes
Novagard Solutions™
5109 Hamilton AvenueCleveland, Ohio 44114Phone:1-800-380-0138www.foam-seal.com
Foam Seal GFA Newsletter
Meets GMW15473 Spec.
7617 Foam Seal GFA Newsletter GM 3B 1/10/13 3:33 PM Page 1
• Capable• Affordable• Maintainable
Die-cutting Presses60" Heat LaminatorsHorizontal Splitters
Ttarp Co.
800-871-7596 • www.Ttarp.com
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March 2014Page 7
Press Releases(Continued from Page 5)
information based on 50 years of experience with cellular
materials. It also provides a free technical support program
called “Ask John” which provides customers (and potential
customers) free technical information and guidance on
rubber and plastic questions and problems.
“It is with pride that I can announce that Monmouth Rubber
& Plastics is celebrating its 50th anniversary. I started the
company in 1964 at the age of 23 in my uncle’s cellar in Long
Branch, NJ. Fifty years later, Monmouth has grown to be one
of the top three manufacturers of closed cell rubber & plastic
foam in the United States. The success of the company has
far exceeded the dreams I had back then,” says founder and
General Manager John Bonforte Sr. “Monmouth Rubber
is a family-owned and operated business. Incorporating
our family values into our daily operations helps us stay
focused on our customers and products, and not just our
�nancial success. Our loyal customers, quality suppliers and
dedicated employees are what allow us to continue to grow.
Under the current leadership of my son, John Jr., our goal
remains to continue to serve our customers by supplying
the highest quality products and customer service for the
next 50 years.”
For more information, contact John Bonforte Sr. at
732-229-3444 ext. 12, or visit www.monmouthrubber.com.
Novagard Solutions®, a global supplier of NOVAGARD®
and NOVAFLEX® sealants, Foam Seal PVC foam products,
Versilube® lubricants, NOVAGARD UV® coatings and
compounds, and other engineered products, announces
that their Foam Seal 60A Automotive PVC foam has been
certi�ed and listed against General Motors’ worldwide
speci�cation, GMW15473 Class II, Type II, for Flexible
Novagard Solutions Announces that General Motors has Listed Foam Seal 60 A Automotive PVC Foam on their GM Material File
Expanded Rubber Materials for Air, Dust, Noise, and Water
Sealing for internal and exterior applications (excluding those
applications where direct sunlight or UV exposure exists).
Additionally, Foam Seal 60A Automotive PVC low-density foam
conforms to the Chrysler MS-AY500 Type III and Ford ESB-
M3G102-A speci�cations.
The Foam Seal Automotive PVC foam products have been
scienti�cally engineered for use in stringent automotive
applications that require positive seals on irregular surfaces
or when �ex and conformability to seal tight radius curves
are critical considerations. The foam products are available
in thicknesses of 0.062” to 0.787” (1.2 to 20 mm). These value
added products are easy to compress, are conformable, but at
the same time are resilient to meet the automotive demands
of the application. Additional information is available at www.
foam-seal.com.
V. Himark USA is very excited to announce that we have
changed our name to Cactus Tape. This change is the �rst of
many for 2014 that will help us to better serve our business
partner's needs. The word "Cactus" is synonymous with the
term endurance. The Cactus plant is known for standing up
to the test of time and the elements. Let's also not forget
that a Cactus, plain and simply, "sticks". Our name change to
Cactus Tape falls in line with our dedication to manufacture
double-coated tape that exempli�es these same qualities. As
we move forward our new name will be a constant reminder
to continue engineering "Industrial Bonding Solutions"
that our customers can depend on.
V. Himark Changes Their Name to Cactus Tape
Joining a committee is one of the best ways to take advantage of your
GFA membership. Contact the GFA o�ce at 610-971-4850 or [email protected]
if you would like to join a committee.
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March 2014Page 8
Continued on page 10
Design for SuccessBy: Larry Pyle, President, LFPtechnologies
Often, the gasket is the compromising component that has
to make up for the de�ciencies of the rest of the system.
It has to perform its principal function of establishing and
maintaining a seal whether it be gaseous or �uid. The
principle failure of a joint results from the loss of the tension
or the initial load imparted on the assembly by the fasteners.
The design objective is to establish an e�ective and durable
seal and to maintain it throughout its service life. Not every
gasket joint is as complex as that shown below but some
may be far more complex. The vast majority of gasket
applications are simpler with fewer variables, however, the
same design principles apply.
Schematic of Cylinder Head
Gasket Compliance
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March 2014Page 9
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March 2014Page 10
Continued on page 12
Design for Success(Continued from Page 8)
A Gasket Takes Load to Seal
The success of any gasket is highly dependant on the
other components that make up the joint. The fastening
system and its ability to establish adequate and predictable
compressive loads on the gasket is probably the most
important factor. Not only does the joint have to provide
su�cient initial load at installation but also must maintain
su�cient load throughout the life cycle of the gasketed
joint. There are many factors that go into the equation. The
two �gures below illustrate the essentials of sealing any
gasketed joint.
No-Retorque Head Gasket (1965+)
Multi-Layer Steel (1986 - Current)
The top dashed lines show the amount of load applied to
the joint. The solid line indicates the e�ects of time and
temperature with time. The �rst show a joint with poor load
retention while the second shows excellent load retention.
The oscillating line represents the reduction in clamp load
due to any internal pressure within the sealed chamber.
In these cases, the force produced by a piston �ring. If the
pressure is too great or the relaxation or the loss in clamp
load is too great, the residual clamp load may not be
su�cient to prevent failure of the gasket.
FASTENING SYSTEMEstablishing initial sealing load:
What makes the gasket seal is to establish a minimum
recommended compressive stress on the material. This
stress compressed the gasket material, allowing it to
conform to the surface �nish and �atness conditions of
the �anges. During this compression process, the inherent
porosity of most gasket materials is reduced to impede the
minute �ow of gases or liquids being sealed. The source
of this compressive load is the fastening system, bolts or
screws in most cases. This load is a linear function related to
the stretch of the bolt or screw.
E�ect of Friction:
It is the tension in the fastener that is the important factor,
not the torque used to produce it. Torque is simply related
to tension by the following equation T=µFD (T=torque
(lb-ft), F=force (lbs), D = fastener diameter in inches, and
µ=coe�cient of friction). The big “if” in this equation is
the coe�cient of friction. It is not very reliable since so
many factors can change the relationship between Torque
and Tension (some sources say that there are some 30 or
40 factors). Here are some of the more important ones:
hardness of the parts, surface �nishes, condition of the
threads, cleanliness, types of materials, type of plating,
lubricants, �t, and thread pitch. Many of these factors can be
controlled to some degree, but complete control is probably
impossible.
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March 2014Page 11
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Publication - Magazine: GFA
Date de parution - Issue: January 2010
Format - Size: 3,5” x 2”
Nombre de couleurs - #colors: CMYK
Linéature - Line screen: 150 lpi
Date de tombée - Deadline: 2010, Jan. 28
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March 2014Page 12
Alternative tension control:
As an alternative to friction control, manufacturers have
attempted to eliminate friction as a factor altogether by
going to other tension control systems. Torque-to-yield and
Torque-angle techniques are commonly utilized. Torque-
to-yield operates on the principle that the metallurgy of
the fasteners is precisely controlled so that the yield point
is predicable and consistent. This is most commonly used
in automated assembly operations that are performed with
sophisticated machines.
Torque-angle method assumes that the initial torque
eliminates most of the non-linear portion of the stress-strain
curve. This is commonly used in hand assembly operations
where sophisticated equipment is not required. The
procedure is developed in a controlled setting.
Stress Relaxation (Creep):
The objective of any gasket joint is maintenance of the initial
assembly load. This is rarely possible but can be controlled
to acceptable limits. Remember that load is established by
stretching the fastener and load loss is a result of stretch
loss. The formula for this is:
Stress relaxation (%)=Tension (load) loss (%)=
100 ( ∆Linitial-∆L�nal)/∆Linitial
∆Linitial=initial fastener stretch
∆L�nal=residual fastener stretch
In general these statements apply:
The thickness of the gasket will contribute to creep
(the thicker the gasket the more creep).
Stress relaxation as a percentage of the initial load is
greatly in�uenced by the length of the fasteners.
Fasteners have elongations that are directly
proportional to their relative lengths.
Smaller diameter fasteners stretch more than those
with larger diameters for the same length.
Design for Success(Continued from Page 10)
Some creep will occur in a joint even in the absence of
a gasket.
JOINT FLANGES:
These are the metal structures on either side of the gasket
although they can also be made from engineered plastic
or any solid material. Structural sti�ness is a major key to a
gasket’s success. This sti�ness is a function of:
Flange thickness
Reinforcing ribs or other third dimensional attribute
Modulus
Fastener spacing
Dissimilar metals can create gasket scrubbing due to
thermal cycling. This can be destructive
GASKET:
Gasket materials are engineered to reduce the e�ects of
their environment on their load bearing properties. Gaskets
however are not the sole contributor to creep relaxation.
Temperature and chemical attack are catalysts to creep.
Vibration is another catalyst that can a�ect creep and gasket
performance. Internal pressures can rupture a gasket often
with messy and sometimes catastrophic consequences.
Important physical properties include:
Creep relaxation properties
Fluid resistance/compatibility
Compressibility/recovery
Tensile strength
Depending on the complexity of the sealing environment,
additional features are often required when a simple, clean-
cut gasket doesn’t do the job.
Gaskets are not always a simple solution to a sealing
problem. All of the factors touched on above contribute to
the solution and success of any gasketed joint. Each of these
joints is unique and often complex.
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March 2014Page 13
Specialists in Silicone Innovation since 1959
www.silicone.co.uk
NewsletterThe Gasket Fabricator is published by the GFA and is
distributed to all members and prospective members.
President .............................................................Terry S. Galanis, Jr.
Vice President .................................................................Ken Stober
Secretary/Treasurer...........................................................Ken Eaton
Executive Director..............................................................Peter Lance
Administrative Director/Newsletter Editor...........Brian Schaaf
Communications Committee Chair..............................Gord Sirrs
Long Range Planning Committee Chair...................Steve Hanson
Marketing Committee Chair...........................................Mark Nye
Membership Committee Chair....................................Keith Crowe
Progam & Locations Committee Chair............................Bill Hibner
Technical Committee Chair...............................................Matt Weiss
Members are encouraged to contribute articles and items of
interest to the Gasket Fabricator. All contributions should be
addressed to: Executive Director, GFA, 994 Old Eagle School
Road, Suite 1019, Wayne, PA 19087-1866, 610-971-4850,
Fax 610-971-4859, E-mail: [email protected].
Articles appearing in this publication may not be
reproduced without written consent from the Association.
Articles appearing in the Gasket Fabricator are the
views of the authors and not necessarily those of the
Association.
© Copyright 2014 Gasket Fabricators Association
Want to advertise in a future issue of the GFA newsletter?
Contact the GFA o�ce for details!
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March 2014Page 14
Below are the results from the Benchmarking Survey, which was completed to give GFA members a thumbnail sketch of how other members are fairing at this time. The following results were recorded from January 2 - February 26, 2014.
We had 41 out of 85 Fabricators respond.
1. Were sales for the fourth quarter of 2013 UP, DOWN, or the SAME compared to the third quarter of 2013? UP DOWN SAME 23 (56%) 14 (34%) 4 (10%) 2. Were sales for the fourth quarter of 2013 UP, DOWN, or the SAME compared to the fourth quarter of 2012? UP DOWN SAME 30 (73%) 7 (17%) 4 (10%)
3. Is your projection for the �rst quarter of 2014 UP, DOWN, or the SAME compared to the fourth quarter of 2013? UP DOWN SAME 31 (76%) 1 (2%) 9 (22%)
4. Is your projection for the �rst quarter of 2014 UP, DOWN, or the SAME compared to the �rst quarter of 2013? UP DOWN SAME 28 (69%) 1 (2%) 12 (29%)
Benchmarking Report: Fabricators
0%
20%
40%
60%
80%
100%
‐
UP DOWN SAME
0%
20%
40%
60%
80%
Aug12 (42/77) Dec12 (35/79) Mar13 (41/78) Aug13 (31/80) Dec13 (36/85) Mar14 (41/85)
‐
UP DOWN SAME
0%
20%
40%
60%
80%
100%
Aug12 (42/77) Dec12 (35/79) Mar13 (41/78) Aug13 (31/80) Dec13 (36/85) Mar14 (41/85)
‐
UP DOWN SAME
0%
20%
40%
60%
80%
100%
‐
UP DOWN SAME
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March 2014Page 15
Below are the results from the Benchmarking Survey, which was completed to give GFA members a thumbnail sketch of how other members are fairing at this time. The following results were recorded from January 2 - February 26, 2014.
We had 32 out of 80 Suppliers respond.
1. Were sales for the fourth quarter of 2013 UP, DOWN, or the SAME compared to the third quarter of 2013? UP DOWN SAME 7 (22%) 14 (44%) 11 (34%) 2. Were sales for the fourth quarter of 2013 UP, DOWN, or the SAME compared to the fourth quarter of 2012? UP DOWN SAME 15 (47%) 6 (19%) 11 (34%)
3. Is your projection for the �rst quarter of 2014 UP, DOWN, or the SAME compared to the fourth quarter of 2013? UP DOWN SAME 20 (63%) 1 (3%) 11 (34%)
4. Is your projection for the �rst quarter of 2014 UP, DOWN, or the SAME compared to the �rst quarter of 2013? UP DOWN SAME 24 (75%) 3 (9%) 5 (16%)
Benchmarking Report: Suppliers
0%
20%
40%
60%
80%
100%
‐
Series1 Series2 Series3
0%
20%
40%
60%
80%
Aug12 (45/69) Dec12 (40/71) Mar13 (45/73) Aug13 (33/73) Dec13 (36/76) Mar14 (32/80)
‐
UP DOWN SAME
0%
20%
40%
60%
80%
‐
UP DOWN SAME
0%
20%
40%
60%
80%
Aug12 (45/69) Dec12 (40/71) Mar13 (45/73) Aug13 (33/73) Dec13 (36/76) Mar14 (32/80)
‐
UP DOWN SAME
![Page 16: T O R S AS President’s Message I C A SO B R Terry Galanis ... · September 30 - October 2, 2014 Portola Hotel & Spa Monterey, CA Spring 2015 Semi-Annual Meeting March 17 - 19, 2015](https://reader033.vdocuments.mx/reader033/viewer/2022052105/604080ef32b6502b543b9de6/html5/thumbnails/16.jpg)
March 2014Page 16
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