Page 194 - BWA FEB 2013

194 | Business World Magazine | February 2013
He credits this philosophical transition to
greater efficiencies, greater productivity and
greater innovation, and has even helped re-
tain employees which Lowe says are today
more focused and more interested in secur-
ing future success.
FROM BOUNCE TO POUNCE
Peterson Spring has expanded well beyond
their base in the United States, having addi-
tional plants today in the United Kingdom,
Canada and Mexico. Lowe holds his cards
close to chest but acknowledges the com-
pany is currently exploring opportunities in
South America as well as Asia. Between ag-
ricultural and automotive opportunities, he
indicates Peterson Spring is looking to fulfill
needs in these markets.
Beyond that growth, the company
continues to devise solutions that meet the
changing demands of industrial and auto-
motive needs, just as it always has. As Check
says, cars today are nothing like the cars of
yesterday, when engines had less quality, tol-
erances were looser and materials not as well
developed. “Engines have gone through an
evolution, and are much more complex…
they also have much different valve springs
which have higher performance require-
ments. And now, with mandated fuel econo-
my, there’s a whole lot more technology go-
ing in to squeeze out every drop of fuel.”
The company is currently partnered in
a project which may lead to the development
of new products, made from new materials,
with physical properties that may potential-
ly lead to greater efficiencies in this segment
of industry. In designing and manufactur-
ing precision materials that serve in the rac-