EPISODE · May 31, 2026 · 9 MIN
How a Rust Belt Forge Is Winning the Trade War
from The Manufacturing Economy with Fexingo: Factories, Industrial Output, and Domestic Production · host Fexingo
Episode 22 of The Manufacturing Economy visits Ellwood Group, a 114-year-old forge in western Pennsylvania that supplies ring-rolled parts to Caterpillar, John Deere, and the US Navy. Since 2020, the company has invested $150 million in new presses and automation while hiring 400 union workers — a case study in how specific defense and infrastructure demand is creating factory jobs that algorithms can't replace. Lucas walks through the numbers: $900 million revenue, 19 percent compound annual growth rate since 2020, zero layoffs in 2026. Luna pushes back on whether this model scales nationally. The episode includes the hosts' usual no-ads mission statement. #EllwoodGroup #Forging #RustBelt #Manufacturing #Reshoring #TradeWar #Defense #Infrastructure #Caterpillar #JohnDeere #USNavy #RingRolling #Automation #UnionJobs #Economy #FexingoBusiness #BusinessPodcast #IndustrialPolicy Keep every episode free: buymeacoffee.com/fexingo
What this episode covers
Episode 22 of The Manufacturing Economy visits Ellwood Group, a 114-year-old forge in western Pennsylvania that supplies ring-rolled parts to Caterpillar, John Deere, and the US Navy. Since 2020, the company has invested $150 million in new presses and automation while hiring 400 union workers — a case study in how specific defense and infrastructure demand is creating factory jobs that algorithms can't replace. Lucas walks through the numbers: $900 million revenue, 19 percent compound annual growth rate since 2020, zero layoffs in 2026. Luna pushes back on whether this model scales nationally. The episode includes the hosts' usual no-ads mission statement. #EllwoodGroup #Forging #RustBelt #Manufacturing #Reshoring #TradeWar #Defense #Infrastructure #Caterpillar #JohnDeere #USNavy #RingRolling #Automation #UnionJobs #Economy #FexingoBusiness #BusinessPodcast #IndustrialPolicy Keep every episode free: buymeacoffee.com/fexingo
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How a Rust Belt Forge Is Winning the Trade War
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