Reading firm is riding out slump in steel

Article Abstract:

Reading, PA-based Carpenter Technology Corp. has suffered because of foreign competition and a bust in business in the US, but it will continue to try to keep its specialty alloys line going. The company has decreased production at its steel mills, laid off 150 salaried employees, and postponed capital-expenditure projects indefinitely. Carpenter has also posted flat earnings for the last three quarters, and seen its shares price fall from a high of $58 last April to a low of $24 in February. Robert W. Cardy, president and chief executive of Carpenter, thinks that he can lead the steel firm through the competitive business environment and the new problems facing the industry worldwide.

Comment:

Suffers because of foreign competition & a bust in business in the US, but continues to try to keep specialty alloys line going

Strategy & planning, Iron and Steel Mills, Steel Mill Products, Steel products, Carpenter Technology Corp.

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Vlasic loses $140 million in 3d quarter

Article Abstract:

Vlasic Foods International, of Cherry Hill, PA, the diversified food company, has reported a losing third quarter. The company is, however, in the midst of a reorganization and hopes soon to make a comeback. It will now concentrate on the Swanson and Vlasic brands. Observers think that depending on only too lines of business may be risky.

Frozen Food Manufacturing, Pickles, Sauces, Salad Dressings, Mayonnaise, Dressing, and Other Prepared Sauce Manufacturing, Frozen Foods, Condiments, Vlasic Foods International Inc.

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Bucks fastener company takes off with high-tech

Article Abstract:

Article about the success of Danboro, Bucks County-based Penn Engineering & Manufacturing Corp. The company's sales grew 40% between 1995 and 1999.

Screw Machine Products, Bolts, Etc., Screw Machine Prod & Fasteners, Turned Product and Screw, Nut, and Bolt Manufacturing, Brief Article, Fasteners, Screw machine products, Penn Engineering and Manufacturing Corp., PNN

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