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When the tax advantages were curbed in 1981, roughly 400,000 railcars were waiting for customers that did not exist, swamping the market.
Once this was done, he sold his stock in the company and left its employ in 1987, ready to invest in a new business.
In 1993, production nearly doubled, rising to 8,300 railcars.
Industrywide, freight car deliveries climbed from 25,000 during Johnstown America's first full year of business to 35,000 in 1993 and upwards of 45,000 the following year.
In January, the company completed the acquisition of Bostrom Seating, Inc., a maker of air suspension and seating systems for the trucks and buses with 1994 sales of $56.7 million.
By the end of the year, the company could point to an order backlog of more than 4,000 freight cars and assuage its anxiety further by an order for 1,000 intermodal freight cars received in early 1998.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Nucor | 1940 | $30.7B | 26,001 | 441 |
| Steelcase | 1912 | $3.2B | 12,650 | 27 |
| O-I Glass | 1929 | $6.5B | 25,000 | 37 |
| Clearwater Paper | 2008 | $1.8B | 3,130 | 40 |
| Terex | 1986 | $5.1B | 10,700 | 167 |
| Eaton | 1911 | $24.9B | 92,000 | 1,972 |
| Aarrowcast | 1978 | $24.0M | 80 | - |
| Bodine Aluminum | 1912 | $13.0M | 50 | - |
| Stahl | - | $20.0M | 36 | 115 |
| Waupaca Foundry | 1955 | $1.1B | 4,500 | 6 |
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Brillion Iron Works may also be known as or be related to Brillion Iron Works, Brillion Iron Works Inc and Brillion Iron Works, Inc.