Financial

smokestack industry

Also found in: Dictionary, Wikipedia.

smokestack industry

A basic manufacturing industry, such as the automobile, rubber, and steel industries, that has limited growth potential, and earnings and revenues that vary cyclically with general economic activity.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive
All seemed to be going well until the Disney vice president turned to the group and said, "You're a smokestack industry and we don't believe we want to have anything to do with you.
"The health impacts of getting rid of New Source Review are pretty, straightforward: without new source review, any kind of smokestack industry could increase its pollution without any kind of pollution controls," says O'Donnell.
'Many of them still have got a view that manufacturing and engineering is a dirty, smokestack industry but it isn't and we must do more work with schools to get away from that image.
Meanwhile, the panel has agreed that the government will promote urban revitalization projects by using large land lots currently used by the steel and other smokestack industry, the sources said.
"They need to be involved in the long-term development process, which includes exposing the industry and informing young people about the industry so that they look at manufacturing differently than the typical smokestack industry they've seen in the past."
It's not a culture that says, 'We just want to get along.'" In addition to obvious examples such as high-tech firms and Internet startups, some older smokestack industry businesses, such as automobile manufacturers, have adopted constructive cultures.
If the image in your mind is of the crumbling industrial vestiges of a smokestack industry or a mature consumer packaged-goods company shredded by chain-saw, stock-building tactics, think again.
"Juneau is a government town, and there hasn't been any smokestack industry since World War II with the A-J mine.
Today, the typical perception of the metalcasting industry is that of a smokestack industry utilizing low technology and lacking in challenging career opportunities.
I've often been asked why I chose a career in a smokestack industry. My answer is that it can be a high tech industry limited only by one's imagination, backed by technical and marketing know-how.--Charles P.
Copyright © 2003-2025 Farlex, Inc Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.