ABSTRACT
Let us first take stock of the position of the machine tool industry in the overall manufacturing industry scheme. Table 6.1 shows the number of establishments, number of employees, value of shipments, value added, and valueadded ratio (the ratio of value added to shipment value) of industries that fall under the two-digit codes in industrial classification in the Census of Manufactures 2002). The shares of the shipment values are the same as those shown for the 2002 figures in Table 2.3. This chapter focuses on the machine tool industry within the general machinery industry. The two-digit industrial classification for the general machinery industry (industrial classification code 26) includes boilers, engines, and turbines (code 261), agricultural machinery (code 262), construction machinery (code 263), metal-working machinery (code 264), textile machinery (code 265), special-industry machinery (code 266), office machines (code 268), and so on (Census of Manufactures 2002, pp. 43-4).1
