materials_technology_corporation

May 19th, 2015
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Advanced Technology Institute
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An A+ essay on a topic under Technology. ......................................................................................................................

Word Count: 4569
Showing Page: 1/13
Materials Technology Corporation Case AnalysisI. Industry Context Industry Overview Industry Summary and Outlook Ceramics Engineering-- the industry that Materials Technology Corporation, or "MTC" is a part of-- is a multi-billion dollar a year industry. Because ceramics can be manufactured to have unique combinations of strength, weight, thermal and magnetic conductivity, and deformability, they have countless uses in industries such as aerospace, biomedical, automotive, and electrical. With an unlimited number of such combinations, it is possible to create a material that exactly suits a given situation. Because of the following combination of factors, there is generally "high demand and low supply" for engineered ceramics: low cost (once developed) and high quality An infinite number of potential materials combinations Applicability of a specific unique ceramic to each use (i.e., increased demand for closely-specified material). Similarly, several factors indicate that the ceramics market is essentially still an emerging market: the relative newness of the industry; the need for MTC and other such companies to create the market for their products; and the unlimited number of potential applications indicate the ceramics industry However, one source1 indicated a few trends that evidence a more mature market: increased pricing pressures on ceramics manufacturers; improvements in process engineering; increasing focus o

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