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New Jersey manufacturer's business planning includes expansion

Metem Corp is expanding not only its business but also its space. The New Jersey company was founded in 1962 and has enjoyed steady growth over the years. The company's business planning has unfolded to reveal a need for more space as its business grows.

Metem Corp manufactures equipment for the aerospace industry and parts for gas turbines. In addition to its New Jersey location, the company also has operations in two other locations--one stateside and one overseas. Since the company is headquartered in Parsippany, it may not be a surprise that the expansion is going to be there.

In addition to more space, the company has intimated that it will be adding to its employees. The company has said that New Jersey provides the company with educated, skilled employees in addition to being close to universities. Metem Corp is considered to be part of the "advanced manufacturing sector," which may very well be due to its educated employees and technology.

Companies that focus on steady growth often have done a great deal of business planning in order to stay ahead of that growth without being too far ahead. Knowing when to expand a business can be tricky, especially in today's seemingly uncertain economy. Being able to predict where growth will occur and when to take advantage of that growth requires plenty of research and preparation; and once it's determined that the time is right to expand, that preparation comes into play. In addition to business issues, there may be regulatory or legal issues that have to be resolved before the expansion can take place. Being sure to cover all of those bases may be the best way to ensure the success of the expansion.

Source: njbiz.com, "Manufacturer's expansion in Parsippany expected to create jobs, CEO says," Beth Fitzgerald, Jan. 30, 2013

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