Tremcar executives are taking action to address the effect of falling oil prices that have negatively impacted the company’s manufacturing plant in Dover OH. The plant’s production lines were designed to produce aluminum crude oil cargo tanks destined for the North Dakota and Western Canadian markets.
With less demand for crude oil cargo tanks, Tremcar’s management team is reorganizing and consolidating both the Dover and Strasburg OH plants to optimize production and service. Annie Tremblay, executive vice-president, who manages both plants confirms the aggressive steps being taken by Tremcar on realigning operations to focus on petroleum cargo tanks.
“We have operated in Ohio since 2004 and we are here to stay,” she says. “We are presently going through a downturn due to low crude oil pricing, but we are reviewing a number of different options to increase sales in other product lines.”
The manufacturer continues to focus efforts on improving its tank maintenance and repair service center in Strasburg. “We are struggling with the option to keep both plants open or to concentrate our efforts in one of the plants by expanding the facility to manufacture petroleum tanks and service our clients,” Tremblay says. “We are making every effort to position the company to recover from the financial losses we have experienced this past year.”
Depending on the economic situation, the future of the Dover facility remains unclear. A final decision will be made within a few months. Current plans are that Tremcar will invest in new equipment in the Strasburg Plant to maximize its petroleum tanker production.