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There are two categories of factory machinery: Standardized and customized. Standardized machinery -- typically found in the paper, transportation, chemical, mining, or aircraft industries -- includes equipment such as packaging lines, plastic molding equipment, and machines used for punching, stamping, or bending metal. Customized equipment takes longer to build, is more expensive, and is more profitable than standardized equipment. Leading machinery and equipment makers include illinois tool works, eaton corp. Sandvik, kennametal, and ingersoll-rand. Well-known toolmakers include stanley works, snap-on, and black&decker. Their products include machine tools, automated machine tools, hand tools, precision tools, and expendables(tapsdies, twist drills, gauges, and reamers). Expenditures on machinery and tools(capitalspending) tells a lot about the future direction of the whole economy. Such production equipment -- from complicated industrial machinery to small hand tools -- is used in almost every business, from food processing to auto manufacturing. When companies establish, expand, or upgrade their production facilities, it's usually good news for both the industry and the economy
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