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Youngstown
Vindicator
Let
Exterran serve as model for accelerated Valley growth
Wed, May 15, 2013
The
official opening of Exterran Energy Solutions’ $13 million
65,000-square-foot advanced manufacturing plant on Youngstown’s West
Side last
week injects premium fuel into the Mahoning Valley’s retooled economic
engine.
It also illustrates the potential for additional and accelerated
investment in
our region.
We
join Ohio Gov. John Kasich and Exterran President and CEO Brad
Childers in welcoming Exterran to the Valley’s expanding manufacturing
matrix
and wish the prestigious, world-class company success and growth in
Youngstown.
The
governor and the CEO traveled to the city last week to cut the
ribbon on Exterran’s plant in the Salt Springs Road Industrial Park.
Exterran,
which employs 10,000 in 30 countries across the world, stands out as a
big-boy
player in the energy-equipment production sector.
It
ranks among the Top 10 manufacturers of energy equipment on the
Fortune 500. Its growth is skyrocketing; its revenue in the first
quarter of
2013 zoomed 30 percent above that of last year’s.
In
Youngstown, Exterran will manufacture production equipment used
to treat and process oil and gas after they are extracted from the
ground.
Exterran strengthens the already solid foothold of Youngstown and the
Valley in
the national and regional shale boom.
Already,
Childers envisions growth and heightened employment at
the plant as the Valley moves closer to increased drilling and
production of
those key natural resources.
And
why shouldn’t he? A report released last week from Chief
Executive magazine named Ohio as the most-improved business climate in
the
nation. Also last week, the Small Business and Entrepreneurship Council
reported that while overall U.S. employment declined by 3.7 percent
from 2005
to 2010, jobs grew by 27.6 percent in the oil- and gas- extraction
sector...
Read
the rest of the article at the Youngstown Vindicator
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