Manufacturing Booms as Deere Exemplifies Productivity Surge
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After a 40 percent drop in sales from October 2008 to February 2009, Materials Processing Inc. laid off workers, changed the way it sets prices and took fewer risks in the volatile commodities markets.
The efforts returned the Logansport, Indiana-based metals-processing company to profitability starting in March 2009, and sales are back to pre-crisis levels, said Chief Executive Officer Clay Barnes.