Uncategorized

Volley Industry, Jobs Grow

Click to see original imageBy N. LA VERI. Cl-IRISTENSEN I-lerald Edltor Emerltus A number of new irtdustrles in Utah Valley will be adding jobs and payrolls as t.hey develop plroduction capability, says ichard M. Bradford. manager of Utah Valley Industrial Development Association. UVIDA has assisted with location of three small industries thus far this year Bradford said: -Overland Recreation Vehicles is remodeling a Lehi building for its plant and projects 40 jobs ultimately. -Medical Appliances, lnc., a California comgany, has purchased a Provo uilding and anticipates hlrlng up to 75 people in time. A -I-‘ort Knox Gun Safes ns renting space in Orem, with five employees now and a potential of I5 jobs. The company manufactures sales for storlngsnns. Anotherboostinthej picture will develop as five industries which UVIDA helped locate in 1981 begin to realize their potential, Bradford said. In the meantime n mainstay industry for many years. Signetics, Inc. has added a bright ray of hope in Utah Valley’s current cloudy job picture by addlng 250 jobs since the first of the year. Indeed, Signetics ls proceeding with s $43 million expansion of its Orem plant. When the project is completed in 30 months. the company will have the potential to more than double its present payroll of 1.300. The five companies which UVIDA assisted in locating here in 1981 are; 1. Tubular Services West, with a $10 million project on 00 acres at the S ringville industrial Park. with ll employees now, the firm projects employing from 250 to 000 depending on demands of the oil-drilling lndustry. making pipe for oil refineries. drlll castings and other related products. The lndustry currently is depressed in the economic recession. 2. Scherer Pharmaceutical Co., also at the Springville Jnark, has five employees now an projects a potential of 300 jobs, making capsules for pharmaceutical products. The firm has a 45 000 square – toot building under construction. 3. Intermountain Bronze Castings, located in Orem, has 25 employees. 4. Megalogics, a small computer manufacturing company, is in rented space in the Barbimn Building in Provo, with I0 egliployees now and a potential of 1 . 5. Air Converter Corp. will be at the Spanisln Fork Industrial Park with projects of up to 40 employees making fireplace inserts. Bradford said that North American Manufacturing Corp., which UVIDA originally assisted in locating in rented space at Provo. moved to Spanish Fork last spring into the first of five projected new buildings. The company now has a payroll of 200 and hopes for up to 1.000 as it completes its fiveyear development plan the UVIDA manager said. Since many Utah Valley workers commute to Salt Lake County for employment. s Wall Street Journal report on industrial expansion there should be of interest. American Express Corp. will open its world-wide traveler’s check processing center in the Utah capital city in September bringing an estimated 1 000 jobs. Western Airlines made Salt Lake City its hub last spring. and two Saudi Arabian brothers, Essam and Adnan Khashoggi, who opened a $40 million business park in the city in 1975 plan to snnk $410 million into the area in the next decade, the Journal said. UVIDA President John M. Simonsen noted tlnst while most. of the new industries coming into Utah Valley are relatively smafli modest beginnings sometimes develop into very sinabfg enterprises which expand payrolls and broaden the tax base. For an exam le he cited Valtek Inc. at gpringville. of which he is vice presidentengineering. Valtek started in Utah Valley 16 years ago with three employees. Today. Simonsen said, it has 280 on the payroll and ns world headquarters for company operations with plants in Canada, England, Brazil, Australia New Zealand. Singapore and I-Iouston, Texas. The company manufactures control valves for oil refineri , power plants chemical tactories, and other such industries. Slgnetlcs is another of the many Utah Valley success stories. UVIDA. in its early years as an Industrial devel-gp ment organization. assisted s company in locating here. The present expansion marks tlte most dramatic milestone in the lirm’s Utah Valley growth.