Announcing Rodney Neely as the VP of Strategy and Business Development

DENVER – November 6, 2024 – Elevated Industrial Solutions (“Elevated”) is excited to announce that Rodney Neely has joined our team as Vice President of Business Development and Strategy. Rodney is a dynamic leader renowned for his high energy and consistent track record of superior performance. His foundation of discipline, professionalism, and strategic thinking was established during his time in the U.S. Air Force, which he credits as a key to his successful career. 

Rodney’s professional background is broad and diverse. He’s held significant positions at large, industry-leading organizations such as American Express, Grainger, and most recently, HD Supply, a Home Depot company. His experience in these organizations enhances his value as a team member, bringing a wealth of diverse perspectives and skill sets to our growing team.

Currently residing in Phoenix, Arizona, Rodney enjoys spending time with his wife, Ginny. He likes riding motorcycles, watching good movies, and reading. Rodney and his wife’s greatest passion is dedicating time to friends and family.

About Elevated

With headquarters in Denver, Colorado, Elevated serves customers through its offices and warehouses across the nation – Colorado, Wisconsin, Ohio, South Carolina, and Michigan as well as sales offices in Montana and California. Nationwide, Elevated offers industrial suppliescoating and finishing systems, and assembly tools. In South Carolina, western Ohio, and eastern Michigan, Elevated also provides compressed air systems and services.

Contact us

For media inquiries, contact:

Tami Matthews, Marketing Director
503.803.3682
tmatthews@elevatedindustrial.com

Case study: metal fabrication company reduces costs with Kaeser

When Kaeser got involved, this metal fabrication company went from blowing energy costs to reducing them. Thanks to Kaeser Compressors for the use of this case study.

About the company

This growing metal fabrication company was using an older system that seemed too small for its job. The system had unreliable air flow, and energy consumption costs were increasing. Enter Kaeser.

Problem: modulating air flow, bigger energy bills

A precision metal fabricator was spending considerable time and money maintaining their aging compressed air system — time that would be better spent on their business. A 40 hp, modulating control compressor supplied the flow, but problems with downtime had them looking for a more reliable solution. Additionally, even with their back-up 40 hp unit, system pressure fluctuations caused frequent disruptions to their compressed air supply, impacting reliability at the point-of-use and left them wondering if their compressor was undersized.

Solution: dual control compressor

A comprehensive Air Demand Analysis (ADA) revealed that the modulating compressor was actually oversized in a big way. The compressor was running on average at only 30% capacity and couldn’t respond to the system-wide pressure fluctuations — all the while consuming nearly full power and racking up their energy and maintenance bills. A single 20 hp dual control compressor could reliably supply the flow and keep energy costs low. And to make it even easier, authorized Kaeser technicians could handle the installation and all annual maintenance.

Results: reliability and energy cost savings

The 20 hp compressor has reduced their energy costs by 40% — even though growth has increased their average demand by 20%. The second 20 hp compressor provides complete redundancy and with the two compressors splitting the load, maintenance costs have also been cut. They no longer have to continually monitor the system for pressure drops or worry about disruptions in their compressed air supply. This new split system was just the solution they were looking for.
  • Specific power of previous system: 48.09 kW/100 cfm
  • Specific power of new system: 22.47 kW/100 cfm
  • Annual energy costs of previous system: $19,716
  • Annual energy cost savings: $7,958
  • Utility rebate: $6,680
  • Total first year savings: $14,638
  • Simple payback period: 1.8 years

Compressed air assistance

Elevated Industrial Solutions is ready to help with ADAs and analysis. Contact us for service if you’re in the Detroit, Flint, Ann Arbor, Toledo, Dayton, Cincinnati, or South Carolina areas.

Interest rates forecast + construction and manufacturing

Interest rates vary by industry, lender, borrower, loan type, etc. However, almost all interest rates are affected by the Federal Reserve, which sets the rate that banks use to lend money to each other. This rate is known as the “fed fund rate,” and it influences all other loans. 

So while the Federal Reserve doesn’t have direct control over, say, mortgage or auto-loan interest rates, their decisions wield a strong influence. 

The Federal Reserve has two specific goals: increasing employment and creating stable, affordable prices. They attempt these objectives by changing rates to fit specific situations. When the market is seeing rapid inflation, it’s often because overall demand for products and services is too high. To ease this demand, they may increase rates and try to cool the market. However, if the market is stagnant, they may lower rates, which would (in theory) stimulate economic activity and overall demand. 

(This, we admit, is a far-too-simple explanation of the Federal Reserve and interest rates.) 

Decisions made by the Federal Reserve have a massive impact on many industries, including manufacturing and construction. If you work in these industries, it helps to understand what the Federal Reserve will do, why it will do it, and what impact it will have on your business.

Interest rates forecast

When inflation was running wild, the Federal Reserve attempted to cool the market by increasing interest rates. It was believed that by reducing rates, overall demand would be tempered. Using the supply-demand principle of basic economics, it was hoped that by making it more expensive to borrow money, people would start purchasing less, reducing demand and stopping runaway inflation. 

Since the summer of 2023, interest rates have been kept around 5.5%, which is higher than the levels from the previous ten years. But, with inflation cooling, it appears the Federal Reserve is now open to lowering interest rates. Already, the Fed has telegraphed that rates will be cut as early as September

According to a Morningstar report, Fed officials are expected to “deliver hefty cuts” over the next few years. The Federal Reserve rate could drop to 1.75% by the end of 2026. 

The Federal Reserve Bank of St. Louis is making a similar prediction. Their forecast chart calls for interest rates to drop to 4.1% in 2025 and 3.1% by 2026. 

So, by almost all accounts, interest rates will drop. But what will this mean for your industry?

Lower interest rates: the impact on manufacturing

Whether manufacturers produce massive equipment or small components, they are impacted by interest rates. Demand for their products will fluctuate quickly after interest-rate hikes are announced, as buyers try to make purchases before the increases take effect. When high rates are in play, consumers and businesses often reconsider large purchases. 

High interest rates have clear implications for manufacturers producing large, expensive products. However, the impact also affects makers of small parts and components, who rely on orders from larger manufacturers. The components they produce may not be expensive, but demand for the final product could decline when interest rates are high. 

Alternately, when interest rates are low, manufacturing companies experience high demand. It is far more affordable for customers to borrow money, which means large-scale orders, often totaling millions of dollars, can be reduced by tens of thousands. 

With an expectation for lower interest rates in the next few years, customers may delay their orders. Instead of ordering now, they may wait a year or two, expecting that by mid-year 2025 or 2026, the cost of borrowing will be much lower. Potentially, this could create a lull for the remainder of the year and a rapid increase in activity once low interest rates are in action. 

Lower interest rates: the impact on construction 

The construction industry, whether it’s traditional construction or offsite construction (also known as modular), has a unique, two-fold relationship to interest rates. Builders are directly impacted by interest rates, as they often borrow money for materials, tools, and development property. The industry also relies on a consumer base that is heavily influenced by interest rates. Construction (particularly residential) needs homebuyers, but with high interest rates, consumers hesitate to buy homes. 

Recently, the construction industry has struggled to maintain growth, although total output remains relatively high. Throughout most of 2022, roughly 1.6 to 1.7 million privately owned housing units were under construction, according to the Federal Reserve Bank of St. Louis. The number has stayed steady, but it has dropped over the past year, from nearly 1.7 million to under 1.6 million. 

According to a report from Bluebeam, a construction software company, “higher interest rates have completely frozen the owner-occupied residential construction market.” However, if rates come down, as expected, we could see increased demand for new construction. 

Lower interest rates could also create more demand in commercial construction. High rates create a barrier in commercial building, which has projects that are far more expensive (typically) than residential building. With lower interest rates, we could see refreshed activity in commercial construction.

Reduce your impact with Elevated

No matter what the future holds, Elevated Industrial Solutions can be your partner in the manufacturing and construction industries. We understand the needs of dynamic companies like yours, helping you make the right decisions about your company, its processes, and more. Our solutions include coating and finishing, industrial supplies, compressed air systems and services, and assembly tools and services.

Announcing Romy O’Daniel as the New CEO of Elevated Industrial Solutions

DENVER – July 30, 2024 – Elevated Industrial Solutions (“Elevated”) is proud to announce that Romy O’Daniel has joined our team as Chief Executive Officer (CEO) as of Monday, July 22, 2024. Romy is a passionate and experienced leader with a strong background in the industrial distribution markets.

Romy O'Daniel

Romy brings 30 years of sales, operational, strategy, integration, and distribution experience. His proven track record of developing high-performing teams and cultures has continued to drive sustainable growth over his long career. Most recently, Romy served as the Senior Vice President of Sales of Crescent Electric – a family-owned electrical supply distributor.

Elevated owners John Ekstein and Damon Judd are enthusiastic about Romy leading the team. Damon said, “Elevated has experienced significant growth over the last several years, and John and I remain excited about the future. As owners, we remain committed to the continued growth and development of Elevated, supporting our employees, customers, and supplier partners.”

Originally from Pittsburgh, Romy is an avid Steelers fan. He and his wife Vicki of 25 years and their 4 boys live in Ft. Collins, where he enjoys the great outdoors, gardening, skiing, mountain biking, and playing piano.

About Elevated

With headquarters in Denver, Colorado, Elevated serves customers through its offices and warehouses across the nation – Colorado, Wisconsin, Ohio, South Carolina, and Michigan as well as sales offices in Montana and California. Nationwide, Elevated offers industrial suppliescoating and finishing systems, and assembly tools. In South Carolina, western Ohio, and eastern Michigan, Elevated also provides compressed air systems and services.

Contact us

For media inquiries, contact:

Tami Matthews, Marketing Director
503.803.3682
tmatthews@elevatedindustrial.com

Assembly tools increase safety

Successful manufacturers and industrial leaders understand the importance of safety. 

Maintaining a safe environment through company culture and attention to detail is critical to the long-term success of your organization. It reduces risk and, more importantly, ensures employees are free from harm. It’s also the right thing to do. 

There are numerous ways to enhance safety. Company leaders can appropriately organize a facility, decrease the need for climbing ladders, automate dangerous tasks, and remove safety barriers. Training, of course, is one of the most important tools for maintaining a safe working environment. (For example, many companies provide training for dealing with silica dust.)

The correct assembly tools also improve safety. It’s also critical to ensure these electric, pneumatic, and battery-operated tools are up-to-date and maintained.

First and foremost, you should focus on safety because it’s the right thing to do. As a manufacturing manager, leader, or owner, it’s your moral and ethical responsibility to create a safe working environment. This means a physical environment that is as safe as possible and a company culture that relentlessly focuses on safety.

assembly tools and safety

It’s also the law, with various legal implications for companies that do not meet various safety standards. Not meeting these statutes can incur fines, injury claims, and more. As the claims and fines go to court, the public is aware and your brand may suffer.

Safety also brings financial benefits. 

According to the National Safety Council, the average cost for all workers’ injury claims in 2020-2021 was $41,757. The most expensive type of claims were related to motor vehicles; these had an average cost above $89,000. The least expensive was a cut or scrape, which still cost around $24,000. Strains, which can be reduced by assembly tools, cost an average of $36,200.

The exact savings from a safety investment can be extremely difficult to calculate. The general wisdom is that for every dollar you spend in safety, you’ll realize about $2 in savings. If that holds, investing $50,000 in safety equipment would save $100,000. Even half that number would be a solid ROI. 

So there are financial motivations, as well as legal and ethical reasons, to invest in safety equipment. Some of this investment, at least for manufacturers, will be in high-quality assembly tools that reduce issues while increasing productivity. 

How assembly tools increase safety for your team

Reduce repetitive strain 

Employees in manufacturing are subject to regular physical demands. But it’s not a short-term, intense burst of physical activity; it’s steady, repetitive motion. Performing the same task repeatedly will test nerves, muscles, and joints, all of which could become damaged. 

Assembly tools, however, can reduce repetitive motions and create an easier overall process. They can eliminate repetitive work that strains muscles and creates injury, boosting productivity while enhancing workplace safety. 

Decrease mental fatigue to reduce lapses in attention

assembly tool services

Repetitive industrial tasks will not only wear out muscles, they can also cause a mind to become fatigued or inattentive. According to OSHA, fatigued workers may lack the “energy to do their jobs safely or effectively.” They can also have difficulty paying attention or take longer to react. They could even take more risks, increasing the chance of injuries. 

Reliable assembly tools could reduce the need for repetitive tasks and increase overall safety by helping workers stay sharp, alert, and mentally engaged. 

Use automatic shutoffs

High-quality assembly tools have various safety features built into their design. These features ensure that dangerous activity is avoided and people are protected throughout a long workday. 

For instance, some tools’ automatic shutoffs activate after a variety of triggers. If an unsafe use or mistake is detected, the tool will automatically shut off to prevent potential injury.  

Safety interlocks

Another assembly tool feature that can increase safety is an interlock. An interlock is a device or system that prevents a user from making an inappropriate or unsafe maneuver with a tool. If someone uses a tool inappropriately, the interlock adjusts the system to a safer state.

For safety reasons, interlocks prevent a user from making unsafe actions or prevent use if an unsafe condition is detected. For example, some assembly tools have guards that keep users from touching a moving component, such as a cutter or grinder. An interlock system will make the tool nonoperational if this guard is removed.

Reduce or eliminate “torque reaction” 

Torque reaction is related to repetitive-motion strains. Essentially, when an operator is running a screwing, bolting, or twisting tool of some type, they use their muscles to absorb the heavy torquing and twisting motion. This creates fatigue and weakness, especially when absorbing the torque is a regular part of the day. 

Fortunately, torque reaction arms are available. These assembly tools, which can be used in various manufacturing environments, take the tool weight and torque out of the operator’s hands. This reduces wear and tear on the operator, enhances production quality, saves time, and reduces costs from downtime and tool use.

Equipment age matters and so does maintenance

Finally, we’ll leave you with a simple reminder: the age of your assembly tools and equipment matters. There is a connection between the age of tools and the increased potential for injury. Occupational hazard studies have found that the age of equipment can create a higher rate of injury. Much of this is connected to modern features, and many of the studies don’t involve industrial equipment, but it still suggests that when you have new, up-to-date equipment, you are more likely to see fewer injuries.

Better, newer equipment leads to higher safety or equipment that is maintained and re-calibrated from a certified lab. So if you have older equipment and items that need to be updated, contact an industrial professional today for updated equipment.

Safety equipment and gear from professionals

Safety is the most important aspect of properly managing and operating a facility. When you are dedicated to safety, your plant will be more profitable and productive. You’ll also be a more attractive place to work, an essential factor when expanding your team is a high priority. 

Get the latest advancements, best brands, and product variety in industrial safety equipment and safety supplies. Plus, turn to us for refurbished tools, maintenance, and calibration from an A2LA (1522.01) certified lab. We’re experts in safety. 

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