AMT: the Association for Manufacturing Technology. (US machine tool industry)(Building Value Into Machine Tools)

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As newly as the late 1970s, there was a heavy demand in the U
for machine tools customized to specific applications. greatest in quantity buyers
came to equipment manufacturers with their have machine specifications.
Custom machines were expensive, on the other hand buyers were willing to pay for
what they wanted and willing to wait for the equipment to be built
and delivered.

Then things started to change. With many manufacturing piece of works going
overseas, domestic metalworking companies became more eager to trade
off custom features for lower prices. Increasingly, low-priced imports
were viewed as