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|Articles - February 2011|
|Thursday, January 27, 2011|
The reopening of a plywood plant in Rogue River has brought 108 jobs and a bit of optimism to a lumber-dependent region hit especially hard by the economic downturn. Shuttered in 2008 as the housing market collapsed, the plant was purchased in early 2010 by Eugene-based Murphy Company for $3.6 million and reopened two months ago.
The plant opened in the early 1950s and has changed hands eight times. The previous owner, Milwaukie-based Panel Products, nearly doubled the floor space and added new machinery. They transformed the plant from a log-to-veneer operation to a veneer-to-plywood operation in hopes of cashing in on the housing bubble, says Murphy’s president John Murphy. But the bubble burst and so did the company.
More than 400 people applied for the open positions, including many former employees. “It’s an area that has had skilled labor unemployed for two years,” says Murphy.
Murphy bought the plant out of receivership at a discount, banking on a modest resurgence in national housing starts. “I’m not a believer that we’re coming out of the housing problem overnight,” says Murphy. Though he says industry analysts expect about 675,000 national housing starts in 2011, “We’re budgeting for around 640,000.”
Murphy Company is not the only one benefiting from the reopening. According to Rogue River city administrator Mark Reagles, the plant accounted for roughly 5%-8% of municipal water treatment receipts. The city also lost tax revenues from the closure.
“When you’re running a tight ship, that kind of loss can affect [you],” he says.
Depending on market conditions, Murphy says that three or more shifts will be added to the plant. “Anything in this economic climate is important and welcome,” says Reagles. “It makes the community look good.”
Thursday, July 24, 2014
BY LINDA BAKER | OB EDITOR
Remember the naysayers? Those who called the South Waterfront aerial tram a boondoggle? Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?
Thursday, May 29, 2014
BY JON BELL
A new generation of outdoor apparel companies targets the young and the urban.
Tuesday, June 03, 2014
Citing the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.
Thursday, June 26, 2014
BY ERIC FRUTS | OB BLOGGER
Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?
Thursday, May 29, 2014
BY LEE VAN DER VOO
A forest collaboration saves the Rough & Ready Lumber Company.
Friday, June 27, 2014
BY JASON NORRIS | OB BLOGGER
Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.
Wednesday, May 28, 2014
More than 350 people turned out today for Oregon Business magazine’s sixth annual celebration of the 100 Best Green Companies to Work For in Oregon.
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