The CEO of Gardner Denver, which recently moved its pump and compressor manufacturing operations to Monroe, says the relocation is paying dividends. Barry Pennypacker, CEO of the company, told analysts in a conference call that the move and other changes raised Gardner Denver’s operating margins by 3%. Pennypacker says the company was able to accelerate the relocation of certain manufacturing operations from Sheboygan, Wisc., to Monroe “mainly due to the outstanding training support provided by the state of Louisiana, which has been integral to the success of this project.” Gardner Denver plans to boost hiring at its Monroe plant from about 70 workers to at least 301 employees over the next two years.
Gardner Denver says move to La. paying dividends
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