HAYES MECHANICAL

SWOT Analysis on Hayes Mechanical

Abstract

In this study we try to explore the industry position of Hayes Mechanical in a holistic context. The main focus of the research is on Hayes Mechanical and its strengths, weaknesses, opportunities, and threats. The research also analyzes many aspects of Hayes Mechanical and tries to gauge its effect on the industry effectiveness.

Table of Contents

Abstract2

Company Overview4

Mission Statement4

SWOT Analysis5

Strengths6

Wide product portfolio6

Diverse Vertical Exposure6

Weaknesses7

Highly dependent on the US market7

Loss of a major customer could adversely affect the company7

Opportunities7

Global Market7

Exposure to medical equipment segment to boost revenues8

Threats8

Rising inflation and decelerating consumer spending will lead to margin pressures8

Short life cycles of electronics products9

References10

SWOT Analysis on Hayes Mechanical

Company Overview

Established in 1918, Hayes Mechanical is a one stop, full service mechanical contractor specializing in Commercial, Industrial, and Power-Generation related work. Dan Hayes Boiler & Repair Co. further enhanced its reputation as a premier pressure vessel repair company. In 1965, the company began to fabricate boiler stacks, tanks and vessels in its own shop. The company started expanding its production base. It started forming joint ventures and strategic alliances with former competitors. Sheet metal was brought in house in 1997. It has been steadily expanding and now includes a sheet metal fabrication facility (Claudia, 1996).

Mission Statement

Hayes Mechanical has been and will continue to meet the needs of our customers, to the highest standards in the industry. Their commitment is to prove to each client, that no matter how large or small the project might be, it will be looked upon them priority one. They will continue striving to meet deadlines while maintaining a fair price within budget while gaining trust and confidence with their customers' one at a time. With locations throughout the Midwest and their 24 Hour Emergency Service, they promise the unparalleled reliability and experience (Mill, 2005).

SWOT Analysis

Strengths

Wide product portfolio

Diverse vertical exposure

Weaknesses

Highly dependent on the US market

Loss of a major customer could adversely affect the company

Opportunities

Contract manufacturing to grow steadily through 2014

Exposure to medical equipment segment to boost revenues

Threats

Rising inflation and decelerating consumer spending will lead to margin pressures

Short life cycles of technological products

Strengths

Wide product portfolio

The company is engaged in the business of manufacturing electronics and providing services to commercial and industrial customers. It provides 24 hours emergency services of Automation and Controls, Air Conditioning and Chillers, Electrical Mechanical/Piping Projects, Boilers and Burners, Preventative Maintenance Agreements, Plumbing and Sheet Metal to commercial customers. It also provides 24 hours emergency services of Food, Beverage, and Pharmaceutical; Co-Generation, Power Generation, Manufacturing Petrochemical, Refineries, Pulp and Paper Mills, Steel Processing and Steel Mills, and Wind Generation to industrial expertise.

Diverse Vertical Exposure

The company offers its services to customers from diverse verticals. Primarily, Hayes offers its services of boiler, constructions, and repair to commercial and industrial customers. The company is able to capture opportunities offered across the segments. Furthermore, the vertical exposure also enabled it to effectively offset negative trends in specific verticals. For instance, in 2010, sales to customers in the constructions and repair, industrial control equipment industry increased 193%, 41% and ...