Steve Blue, president and CEO, explains the reasons behind the expansion and continued investment in the company's production and innovation capacity.
"For the last 10 years, we have been growing steadily despite the significant challenges presented by the economy. Our top line growth has been consistently exceeding 10% on an annual basis and our growth plans going forward call for a 20% to 30% increase over the next several years. This investment in infrastructure reflects our confidence that we can keep growing by continuing to offer new products to the railroad industry," said Blue.
"This additional infrastructure will support employee efforts to drive sales of current products and invent new solutions to pressing railroad industry needs. That's not merely a strategy statement but it is what drives everyone here. We are focused on a single goal: net operating profit. We're giving them more tools to do just that," said Blue adding that he is completely confident his team will pay out this significant investment.