Carpenter Buys Former Dana Site

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Carpenter Technology Corp. announced Friday that it has purchased the former Dana Corp. industrial site for about $6 million.

The Spring Township-specialty steel and alloy maker bought the 50-acre industrial property where General Motors vehicle frames were once produced from Reading Industrial Investments Corp., Ambler, Montgomery County.

What Carpenter got in the deal is about 40 acres of land and an additional area where four buildings are located, at West Robeson and Weiser streets, adjacent to Carpenter’s East Shore property.

Read more: http://readingeagle.com/article.aspx?id=367183

Dana Reports Increased Earnings For Third Quarter

Some good financial news for our area today as Dana announced their 3rd quarter results.  Dana Holding Corp. reported a year-to-date income of $148 million for 2011.  In 2010 that figure was only $24 million.  Sales were up almost 30 percent over the 3rd quarter of 2010 and up $1.1 billion year-to-date over last year.

Dana operates a driveshaft plant in Pottstown which contributes greatly to the local economy.