The current state of H&P and the industry
I am often asked by my customers "how is the fluid power industry doing according to what you are hearing?" I am often asked by my peers, "how is H&P doing this year?"
The answer to both questions is truly "good." Of course you know that the fluid power industry is having another great year. We have rebounded nicely from the dramatic downturn of 2009. The industry in some areas has surpassed 2008 levels and still approaching that in other areas.
In a nutshell, the fluid power industry is strong and stable. The near-term future looks very optimistic as sales of both hydraulic and pneumatic components and related products continue to show increases over last year, which was excellent by the way.
How is H&P? In terms of the content that we offer, I dare to say that our content is as good if not better than ever, thanks to Alan Hitchcox, Mary Gannon, and Ken Korane our editorial team. In terms of advertising, we are not back to the 2008 level but we have had two increases in a row in 2010 and 2011 and 2012 looks slightly better, thanks to Ron Klimko.
The future is bright and we continue to work on our game in every way!