Meanwhile.. the importance of reinvesting in your company was the message at a business luncheon at Rockford College today. Fred Young.. president of Forest City Gear...spoke to a group of business leaders about some of the keys to his manufacturing success over the last 50 years. Young says reinvesting in the company and its products is a big reason behind its longevity.
"If you don't do this and alot of companies don't you wake up one day and they've been taking money out of their assets and one day they wake up and find they have a hollow shell a dinosaur that's worth nothing but by reinvesting you ensure your future you guarantee you will be productive and have high quality."
Forest City makes Gears for a wide variety of industries including Aerospace... Military and transportation. The company has been in business in the stateline for more than 50 years.