The Cincinnati Enquirer from Cincinnati, Ohio on October 7, 1991 · Page 50
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The Cincinnati Enquirer from Cincinnati, Ohio · Page 50

Cincinnati, Ohio
Issue Date:
Monday, October 7, 1991
Page 50
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Page 50 article text (OCR)

D-8Greater Cincinnati 100 the Cincinnati knquiri.k Monday, October 7, iw I BUY BAD DEBTS UlilTED. (513) 451-9900 i Construction firms tumble Few bright spots exist in recession-hit industry Ml Not all CHINESE RESTAURANTS are created equal BY JEFF HARRINGTON The Cincinnati Enquirer t f This is my first downturn as a lthough bright spots do exist, I the general downturn in the llocal construction industry can HOUSE OFTAM business owner. I had the attitude that it won't last long, and the longer it 2 Star Mobil Rating IT'S WORTH THE TRIP 889W.Calbraith Rd. EQUIPMENT COMPANY I 4331 Rossplain Rd. 891-0600 I Cincinnati, Ohio 45231 729-5566 the attitude that it won't last long, and the longer it lasted, I realized we had better batten down the hatches. I wish I had responded quicker." His company trimmed back its work force by a third, leaving between 90 and 100 employees, and refocused on management training. Although the construction slowdown was across the board, Hemmer said the development end was harder hit than general contracting. "Development had generated 25 of our business, and that business is gone," he said. He expects revenue from this year will be even further down from 1990 a prediction echoed by others in the business. "I think we're just getting into ... the tough part now," said Jerry Monahan, executive secretary of the Greater Cincinnati Building Trades Council, which represents more than 10,000 union workers in the construction industry. "What they say typically is construction lags a recession," he said. "If there's a recession, we're the last ones to get affected, and in a recovery, we're the last ones to pick up." Specific employment projections weren't available, but Monahan has a general outlook heading into 1992: "It doesn't look good." lasted, I realized we had better batten down the hatches. I wish I had responded quicker. J J Paul Hemmer Jr., president, Paul Hemmer Construction 1 be seen in this year's Greater Cincinnati 100 list. Paul Hemmer Construction Co., Dugan & Meyers Interests and Monarch Construction all tumbled in the rankings. Perhaps none, however, epitomized the woes of the industry better than Mason-based Building Technologies Corp. Building Technologies, a maker of pre-engi-neered building systems, dropped from the 12th largest private Cincinnati company to 23rd in the new rankings based on 1990 revenues. And, as a heavy debt and lack of business continued to eat away, it filed for bankruptcy reorganization last month. "They faced the economy of the construction industry being one of the hardest hit ... in today's recession," Building Technologies spokesman Bill Roberts said. There were exceptions: Maescher Industries catapulted from 96 to 48, and Frank Messer & Sons Construction inched into the top 20. But for the most part, the slowdown was universal. Cincinnati's share of non-residential construction the combination of office, industrial and public works projects has continued SMARTLEASE IS BACK FOR 1992 1 992 CADILLAC SEDAN DEVILLE Anniversaries ...are a time to show her how much you care. Spoil her with An Afternoon Affair a day of complete beauty care, and absolute pampering from head to to shrink, dropping from $900 million in 1989 to about $600 million this year. Paul Hemmer Jr., who took over the presidency of his family's construction firm from his father, said he first felt the recession in August, 1990. The fact it never left caught him off guard. "This is my first downturn as a business owner," he said. "I had toe. Call lor details. Our attractive gift box and certificate is ready for immediate delii ery. 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