Danville Manufacturers See Increase in Business

Several local manufacturers are seeing increases in business, according to GoDanRiver.com

Some of the companies seeing a boost include:

  • Goodyear Tire & Rubber
  • Nestlé
  • Cook Composites and Polymers Company
  • Essel Propack
  • Yorktowne Cabinetry
  • Amthor International

This great news for Danville area residents because the increase in business means that most of the employees that had been laid-off are now back at work, and working full-time hours. This improvement will help boost the local economy, and possibly attract new residents into the area. These are great signs for homeowners concerned about their property values, which will be protected by events like these.

"Local manufacturers say they’re seeing marginal to substantial growth in business, yet still remain cautious about the economy.

Goodyear Tire & Rubber Co. reported an 11 percent increase in sales in the third quarter from the second quarter, but that’s down 15 percent from sales in 2008’s third quarter, according to the company’s earnings release.

Third quarter operating income still reflects weak industry demand compared to the prior year, the release stated.

Roughly 60 Goodyear workers are back on the job in the Danville plant, said Jo Andrews, communications manager for the Danville plant. The company anticipates adding more employees as business increases."

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Posted on Tuesday, November 3, 2009 - 12:15pm