Superior ranks among top U.S. companies
Morris-based Superior Industries continues to report steady growth. The Private Company Index noticed the trend throughout 2007 and named the manufacturer of conveyor systems and components one of 10 "Top Growth Companies" in the United States for 2008.
According to its Web site, the Entrex Private Company Index is a group of companies in several regions and business sectors and offers the investment community current measurements of private businesses.
The Entrex Private Company Index foundation is based on pretax sales provided on a period by period basis. Each company provides its sales on a routine basis anonymously. The sales data is provided to statisticians who create and overall index, according to the site.
Helping to push Superior's 18 percent sales growth from 2006 to 2007 was the company's addition of a new manufacturing facility in Prescott Valley, Arizona. The 30,000 square foot space manufactures equipment for the Southwest U.S. and Mexico markets, the company reported.
The company also credits an upswing in the price of precious metals and commodities. Superior manufactured equipment and conveyor components for several large projects in that industry like Goldcorp's Pe?asquito Mine in Zacatecas, Mexico and Nord Resource's Johnson Camp Mine near Tucson, Arizona.
Headquartered in Morris, Superior Industries designs and fabricates a full line of conveying equipment, telescoping conveyors, feed systems, conveyor idlers and pulleys, as well as other conveyor components.