Mine may not compare in magnitude to these, but it’s still pretty large.
I know of a company - located in my neck of the woods - that borrowed $85 mil from Wall Street to expand its factory with three new state-of-the-art production lines in the mid-1990s. This factory manufactured a critical element used in every color CRT manufactured anywhere, and they were one of two or three dominant producers of this component world-wide.
Only problem was this: just as they got additional manufacturing capacity on-line, the entire CRT market collapsed due to the very rapid emergence of flat-panel display technology as a consumer product.
Now the factory, which employed hundreds of workers in the small town of which it was a part, is closed and empty.
Hmm. Electron gun? Shadow mask? Deflection coils? Degausser coil?
I worked for a company, and the owner was stealing his own money... ya gotta think about that for a minute, but he stole from himself..
needless to say he went out of business..
Buckbee-Mears, right?
I almost thing of Thompson Electronics and they had some facilities in Indiana which is now gone.
> I know of a company - located in my neck of the woods - that borrowed $85 mil from Wall Street to expand its factory with three new state-of-the-art production lines in the mid-1990s. This factory manufactured a critical element used in every color CRT manufactured anywhere, and they were one of two or three dominant producers of this component world-wide.