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Indalex Aluminum Solutions, a supplier to the RV industry and other businesses, is among the firms that has enjoyed a rebound since the recession of 2001-2002, according to the South Bend Tribune in Indiana.
Indalex is a unit of British firm Novar PLC, and Novar’s Caradon PLC subsidiary acquired Easco Aluminum, including Easco’s Elkhart, Ind., plant, in 1999, when the RV industry and several other manufacturing sectors were at their most recent cyclical peaks.
The British firm then invested $14 million in upgrades at the Elkhart facility, just in time for a recession that began in 2001 and extended into early 2002.
The Elkhart aluminum extrusions plant operated at a loss in 2001 but experienced 17% growth in 2002 and 20% growth in 2003, The Tribune reported.
Indalex, which operates factories in several other parts of the U.S., in Canada and one in China, views the Elkhart facility as its lowest-cost extrusions plant, according to newspaper.
Business at the Indalex plant in Elkhart also has improved in terms of customer satisfaction, For example, Monaco Coach Corp. named Indalex one of its top suppliers for the 2003 RV industry model year.