Page 186 - BWM March 2013

186 | Business World Magazine | March 2013
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 contin-
ues to devise solutions that meet the chang-
ing demands of industrial and automotive
needs, just as it always has. As Check says,
cars today are nothing like the cars of yester-
day, when engines had less quality, tolerances
were looser and materials not as well devel-
oped. “Engines have gone through an evolu-
tion, and are much more complex… they also
have much different valve springs which have
higher performance requirements. And now,
with mandated fuel economy, there’s a whole
lot more technology going 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-