Revenue from goods manufactured during 2007 was comparable to 2006

Sales of equipment related to dental and health care were up sharply; demand for instrumentation for the energy sector fell.

Allan Crate

Sales of equipment related to dental and health care were up sharply; demand for instrumentation for the energy sector fell.

But at the end of the day, the total revenue from goods manufactured in the Red Deer region during 2007 was comparable to the tally for 2006.

This was a finding of Red Deer Regional Development’s annual manufacturing survey, the results of which were announced Thursday. Respondents reported combined sales of $6.2 billion for 2007, up $2.1 million from the total revenues claimed the previous year.

Cyril Cooper, land and economic development officer with the City of Red Deer, said this performance is pretty good, considering that local manufacturers have been hurt by the high loonie, a slowdown in the natural gas industry and scarce labour.

“Given those three big obstacles, the local economy still remains very strong,” he said.

Although the energy sector remains the “bread and butter” of Central Alberta’s manufacturing industry, other products like furniture are on the rise.

This helped balance a decline in demand for oilpatch equipment, suggested Cooper.

“It does demonstrate diversification.”

He also credited local companies for adopting new technologies, improving efficiencies, diversifying into other products and pursuing new markets.

Their success in looking elsewhere for buyers is reflected in the fact that half of survey respondents said they sold internationally last year, up from 18 per cent in 2006.

The health of the local manufacturing industry is critical to Central Alberta’s economy, said Cooper.

He pointed out that manufacturing has a very high multiplier effect when it comes to job creation.

Red Deer Regional Development is an economic partnership consisting of the City of Red Deer, Red Deer County, the Red Deer Chamber of Commerce and Red Deer College. This year, it sent its survey to 219 regional manufacturers, with 62 per cent of these responding.

Contact Harley Richards at hrichards@bprda.wpengine.com

Just Posted

Victim in 2015 murder stabbed a dozen times

Daniel Boyd Sawyer on trial for second-degree murder

North Pole Stroll returns with Red Deer Lights the Night, Late Night Shopping

Red Deer’s Lights the Night and late night shopping events are back… Continue reading

WATCH: Red Deer’s Canyon Ski Resort is ready for the 2019 Canada Winter Games

The upgrades prepare the resort to host free-style skiing and snowboarding events

Red Deer man patrols streets at night after his truck was stolen twice in 3 months

‘I stay up every single night, they drive around, they test every car door…’

Lowry has strong words for Raptors’ lack of communication after loss

TORONTO — Raptors coach Nick Nurse might not have had a good… Continue reading

S. Korea’s ‘Garlic Girls’ accuse coaches of derailing team

SEOUL, Korea, Republic Of — The Garlic Girls, South Korea’s hugely popular… Continue reading

Trump administration defends its case against CNN’s Acosta

WASHINGTON — President Donald Trump’s administration is trying to fend off a… Continue reading

Long hidden, Marie Antoinette’s jewels go up for auction

GENEVA — Diamond and pearl earrings, pearl necklaces, a giant pearl pendant… Continue reading

A No-Go: Athletes and officials weigh in after Calgary votes ‘no’ to 2026 bid

TORONTO — Rotating Olympic hosts? A single go-to destination every four years?… Continue reading

Predators may have NHL’s best goalie combo on, off ice

NASHVILLE — Pekka Rinne is off to an even better start than… Continue reading

Canadian Premier League buys Ontario’s League 1, looks to develop talent there

TORONTO — The Canadian Premier League has bought Ontario’s League 1 and… Continue reading

Most Read