Comparing the current results to its competitors, Shiloh Industries Inc reported Revenue decrease in the 2 quarter 2020 year on year by -41.02 %, faster than the overall decrease of Shiloh Industries Inc 's competitors by -33.85 %, recorded in the same quarter.
Shiloh Industries Inc 's Comment on Competitors and Industry Peers
Shiloh competes in the laser welding, stamping, die casting and close-tolerance
machining industries. Competitors within Shiloh’s main product brands vary.
BlankLight™ competitors include numerous metal blanking companies ranging
in all sizes, including raw material manufacturers and customers. Welded blank
competition in North America is primarily comprised of TWB Company LLC and ArcelorMittal
USA. Most laser welded blank competitors are affiliated with raw material or distribution
providers. Competition for sales of automotive stamping and assemblies is also
intense. Primary StampLight™ competitors are Gestamp, L&W, Inc., Flex-n-Gate
Corporation, Midway Products Group Inc., Narmco Group and Kirchhoff Automotive
Group. CastLight™ competitors include Bocar Group, Cosma International (a
Magna Company), Georg Fischer, KSM Casting Group, Madison Kipp Corporation (MKC),
Meridian (subsidiary of Wangfeng Auto Holdings Group), Nemak, Pace Industries,
RCM Industries and Ryobi Aluminum Casting (USA), Inc., which are all competing
for a growing number of automotive projects. In almost all instances, Shiloh competes
through its main strategy of "Lightweighting without compromise®",
the ability to provide solutions that do not compromise part integrity such as
performance, safety, sound and efficiency. Development and design optimization
to lightweight products allow customers to achieve vehicle weight, fuel economy
and/or ride and handling targets.