When companies like Sturm Ruger & Co. and Herbalife announce plans for local factories, there are ripples well beyond the immediate investments and jobs. Perhaps one of the foremost is how they bolster confidence among other local businesses that, sensing opportunity, are willing to invest themselves.
Consider Stoneville-based TigerTek Industrial Services, an equipment repair company that celebrates its 30th anniversary next month and is investing hundreds of thousands of dollars in sophisticated test equipment while also looking to immediately add four new positions to its existing staff of 42.
Peter Mitchell, said he has not yet had contact with Ruger (NYSE: RGR), but fully expects that the gun maker will need TigerTek's repair services for everything from electric and servo motors to gearboxes, pumps and blowers. Ruger's plans come on top of investments by nutritional products company Herbalife Ltd. (NYSE: HLF), which is upfitting the former Dell plant in Winston-Salem and plans to add 500 jobs by next year. Mitchell also pointed to Caterpillar Inc. (NYSE: CAT), whose Winston-Salem plant employs 370 people and is expected to reach 500 full-time jobs. The Ruger facility, which is about 10 miles from TigerTek's plant, is expected to be up and running by January 2014.
Read Full The Article Here (.pdf)
Here on a lonely stretch of N.C. 135, about midway between Mayodan and Eden, it seems possible to peer inside the Triad’s economy, a significant piece of it anyway, and assess its vitality.
“In the past six months or so, I’ve grown cautiously optimistic,” says Peter Mitchell, his office window facing barren farmland across the road. “With each month that goes by, I sleep a little easier at night. I am not anticipating a double-dip recession. I could be wrong, but I think things are going to get better in a slow and steady way.”
Read Full Motor Repair Company Holds Triad Crystal Ball Article (.pdf)
Download TigerTek Interview on National Public Radio (.mp3)
TigerTek is proud to announce that we have been selected for this prestigious award. The presentation was made at an awards ceremony in Winston-Salem. Judging was based on many stringent criteria, and companies from throughout NC were evaluated.
"This is a huge honor and a tribute to the entire TigerTek team. We have an incredibly talented technical team, and this award serves as recognition for the excellent repairs and customer service that we provide each day," said Peter Mitchell. You can read a copy of the entire report by clicking on the article below.
TigerTek Receives NC Small Business of the Year Award (.pdf)
Here We Grow Again!
TigerTek recently moved to a new, state of the art location to better serve our customer's repair needs. In conjunction with NC Governor Mike Easley's office, we were approved for a business expansion grant to help in our regional and national endeavors.
In a time when most businesses in the region are downsizing or closing, we are happy to boost the local economy, grow our national network and plan to add 40 new jobs over the next 3 years!
Thanks again to our customers who have made this possible and we look forward to being able to provide the BEST industrial repair capabilities for many years to come.
Servo Motor Repairs
Tiger Woods and TigerTek have one small common link, we are presently repairing several servo motors used by a major manufacturer of golf balls. These servo motors operate in an extremely moist environment. There is a lot of cooling fluid in that production area. This had caused these servo motors to fail prematurely when the moisture penetrated the motor through the shaft opening in the front endbell.
TigerTek solved this problem by repairing the servo, PLUS machining the endbell and inserting an engineered seal to keep the motor waterproof. We repaired 2 of these motors about 18 months ago to prove that this solution would work. They have now sent us several more.
TigerTek’s unique ability to provide rewinding, machining and electronic services, combined with our years of experience, test equipment and expert servo technicians is the winning combination for servo motor reliability.