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This Is Cool

A recent Business Week article outlined the challenges facing Carrier Corp. as it heads into the 90s. But what the article mentions in one sentence speaks volumes for Arkansas.

"In 1991, Carrier will begin building updated rotary compressors in a new automated factory in Arkansas."

Amidst heavy cost-cutting, snail-like growth, and falling margins, the company is busy preparing, to the tune of about $120 million, the deserted Fafnir Bearing plant in Arkadelphia for production startup of the new compressor. The plant will utilize top-secret technology.

It's a gutsy move for the troubled company. The plant, due to open in early 1992, has already gotten several hundred applications for an estimated 150 jobs.
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Title Annotation:management of Carrier Corp.
Publication:Arkansas Business
Date:Dec 10, 1990
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