Davron Technologies Beats the Post-recession Odds with Four Years of Net Growth
In the turbulent aftermath of one of the nation´s worst recessions, Chattanooga-based Davron Technologies, a manufacturer of custom industrial ovens, not only survived the economic storm, but came through it stronger than ever.
Chattanooga, TN (PRWEB) May 30, 2013
By July in the long, hot summer of 2009, the manufacturing sector of the nation had failed to grow for 18 consecutive months, and companies like industrial oven manufacturer Davron Technologies were feeling the heat. Many custom fabricators and manufacturers were closing their doors for good.
Davron had built a strong financial foundation, and its management team of Ron Speicher, David Craft and Jimmy Evans made a pact that they were going to support their employees for as long as they could hold out in hopes of a recovery. Although the recovery was slow to materialize, by the second quarter of 2010 things had begun to turn around–dramatically.
“While others were cutting back, we made key capital investments in new equipment that ramped our efficiency way up,” says Speicher, president of the company. “Although we were forced into one temporary layoff during the worst of it, every one of those employees is back on the job, and our output is up 30 to 40 percent from when the recession started.”
Davron is a leading supplier to the Tier 1 automotive industry, so the returning growth of auto sales since the recession has helped, along with rebounds in other industries that Davron serves, such as aerospace, pharmaceuticals, and food and beverage. With continuing strong sales, Davron has even started hiring, having added a design engineer and sheet metal workers to the production lineup to keep up with the demand.
Davron specializes in custom industrial oven solutions. “We measure the need, the footprint, and the throughput. Then we custom build the right oven for the job, from the ground up,” says Speicher.
Visit Davron on the website at http://www.davrontech.com, or call 888-263-2673.
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