This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

DCED Secretary Helps To Open New Manufacturing Facility In Blair County

Stocks in this article: GDI





Gardner Denver Sees Rapid Business Growth in Marcellus Shale Region

ALTOONA, Pa., May 10, 2012 /PRNewswire-USNewswire/ -- Department of Community and Economic Development Secretary C. Alan Walker today helped Gardner Denver open a new manufacturing facility that will bring at least 40 new jobs to the region.    

"Governor Corbett is committed to encouraging job growth in Pennsylvania through pro-business initiatives and responsible development of our natural resources," said Walker. "Today is proof that this approach is working."

Gardner Denver chose to locate its new facility in Blair County to respond to the company's rapid growth in the natural gas industry. The facility will manufacture fluid ends used in pressure pumps and will provide onsite service to its customers in the Marcellus Shale region. Gardner Denver has committed to creating at least 40 new jobs within the next three years.

"There is very little drilling in this area, yet Marcellus Shale is creating good-paying jobs right here in Blair County," Walker said. "Gardner Denver is a great example of the potential for job creation associated with shale gas development in our state."

The Altoona Blair County Development Corporation built the 70,000 square-foot facility on a 10.5-acre site at its I-99 Enterprise Campus. It is being leased to Gardner Denver Inc. under a 15-year agreement. 

"This project is a great example of state government partnering with business and local economic development organizations in order to bring new jobs and investment to Pennsylvania," Walker added.

Gardner Denver, Inc., (NYSE: GDI) with 2011 revenues of approximately $2.4 billion, is a leading worldwide manufacturer of highly engineered products. In 2010, Gardner Denver moved its corporate headquarters from Illinois to Chester County. The company has 40 manufacturing facilities and offices in 36 countries.

For more information about economic development initiatives in Pennsylvania, visit www.newPA.com or call 1-866-466-3972.

Media contact: Steve Kratz, 717-783-1132

SOURCE Pennsylvania Department of Community & Economic Development

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,416.85 +225.48 1.31%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs