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Contractors grows as economy slows: despite the doldrums in Detroit, this Michigan service center continues its half-century of growth with unabated investment in plant and equipment.

Publication: Metal Center News
Publication Date: 01-APR-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Contractors grows as economy slows: despite the doldrums in Detroit, this Michigan service center continues its half-century of growth with unabated investment in plant and equipment.(MCN CASE STUDY: CONTRACTORS STEEL CO.)(Company overview)

Article Excerpt
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THE SORRY STATE of the State of Michigan is well documented, with the region's auto industry reaching new lows and home foreclosures reaching new highs. Contractors Steel Co., a 48-year-old service center in the Detroit area, is responding to these difficult economic conditions the same way it always has. Aggressively.

"We've always expanded during downturns" says Donald R. Simon, who founded the Livonia, Mich.-based company in 1960 with a truck, a crane and 25 tons of steel. "We expand when things are slow, to be ready when they pick up."

The company recently completed a 35,000-square-foot expansion of its facility in Wyoming, Mich., near Grand Rapids. It's planning another 20,000-square-foot addition for this year. The company also is adding 45,000 square feet to its Cleveland-area facility in Twinsburg, Ohio--another traditional manufacturing state that is suffering disproportionately from the economic slowdown.

Continually growing the business is part of what sustains Contractors Steel in a region where bankruptcies have become a sad reality. "Sometimes...

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