Stillwater News Press

Our View

July 6, 2014

OUR VIEW: Industrial diversity a key

STILLWATER, Okla. — It began with such promise in July 2012. Total Energy announced its purchase of the former Quad/Graphics printing facility and a plan to renovate it into a fabrication plant for large storage tanks, towers and pressure vessels.

Total Energy CEO/President Robert Armentano said Stillwater also would be home to its new engineering and construction division, and planned to employ 200 people by the end of 2014.

It all disappeared last month. Total Energy shut down its Stillwater plant, laying off 55 workers. The company is trying to sell its plant.

This is a blow to Stillwater’s economy. Not a devastating blow as it would have been during the Great Recession, but it puts a dent in Stillwater’s attempt to diversify an education-driven economy.

The city’s largest employers include Oklahoma State University, the state Department of Career and Technology Education and Stillwater Public Schools.

ASCO Aerospace USA is ramping up for production and hiring. The Stillwater facility will make large subassemblies for passenger jets. It will provide high-paying jobs for its workers. It could also change Stillwater’s economic landscape if its suppliers will open facilities in Stillwater.

Oklahoma State University’s budget is more than $1 billion, and the university is growing and flourishing. A diverse industrial climate will soften the blow when an industry goes belly up.


Text Only | Photo Reprints
Our View
Buy & Share Photos
NewsPress e-Edition
NewsPress Specials
AP Video
Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kerry: No Deal Yet on 7-Day Gaza Truce Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Gaza Residents Mourn Dead Amid Airstrikes Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe Raw: Big Rig Stuck in Illinois Swamp Cumberbatch Brings 'Penguins' to Comic-Con Raw: Air Algerie Crash Site in Mali Power to Be Restored After Wash. Wildfire Crashed Air Algerie Plane Found in Mali Israel Mulls Ceasefire Amid Gaza Offensive In Case of Fire, Oxygen Masks for Pets Mobile App Gives Tour of Battle of Atlanta Sites
NDN Video
Big Weekend For Atlanta Braves In Cooperstown - @TheBuzzeronFox Chapter Two: Becoming a first-time director What's Got Jack Black Freaking Out at Comic-Con? Doctors Remove 232 Teeth From Teen's Mouth Bradley Cooper Explains His Voice in 'Guardians of the Galaxy' Deja vu: Another NYPD officer choke-holding a suspect 'Fifty Shades of Grey': Watch the Super Sexy First Trailer Now! Reports: Ravens RB Ray Rice Suspended For 1st 2 Games Of The Season Air Algerie plane with 119 on board missing over Mali Diamond Stone, Malik Newman, Josh Jackson and others showcase talent Free Arturo - The World's Saddest Polar Bear A Look Back at Batman On Film Through The Years LeBron James -- Dropped $2k On Cupcake Apology ... Proceeds To Benefit Charity Snoop Dogg Says He Smoked Weed at the White House Raw: Fight Breaks Out in Ukraine Parliament Chris Pratt Interrupts Interview To French Braid Intern's Hair Shirtless Super Mario Balotelli Dances While Ironing - @TheBuzzeronFOX Whoa! Watch "Housewives" Star Do the Unthinkable LeBron apologizes to neighbors with cupcakes Justin Bieber In Calvin Klein Underwear Shoot
Must Read