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Metal Fabrication

Tower International Inc (TOWR) is a leading global manufacturer of structural metal components and assemblies primarily for the automotive industry. The company's products are critical to the safety and performance of vehicles and are used in a variety of applications, including chassis, body structures, and powertrain components.

Tower International is headquartered in Livonia, Michigan, and operates manufacturing facilities in North America, Europe, and Asia. The company was founded in 1993 and went public in 1997, listing its stock on the New York Stock Exchange (NYSE) under the ticker symbol "TOWR."

In terms of financial performance, Tower International has generally been a consistent performer, with steady revenue growth and profitability over the past several years. The company reported net sales of $3.2 billion in 2020, representing a 3.7% increase from the prior year, despite the challenges posed by the COVID-19 pandemic. Meanwhile, net income attributable to Tower International shareholders was $111.3 million in 2020, up from $109.8 million in the previous year.

Looking ahead, analysts expect Tower International to continue its growth trajectory, driven by strong demand for its products and services in the automotive sector. In particular, the company is well-positioned to benefit from the increasing adoption of lightweight materials and advanced manufacturing technologies in the industry.

That being said, it's important to note that investing in any stock, including Tower International, carries inherent risks and uncertainties. As such, potential investors should always conduct their own due diligence and consult with a financial advisor before making any investment decisions.