Miles Fiberglass & Composites, a family-owned manufacturing company in northwest Clackamas County, is not just being hurt by soaring petroleum prices. It's getting hammered.
Soaring diesel prices have more than doubled the cost of making twice-weekly deliveries to Eugene, eastern Oregon and Idaho. Raw materials costs -- driven by the soaring price of petroleum-derived resin -- have skyrocketed. And now Miles' owners are watching orders fall as customers grapple with fuel worries of their own: The recreational vehicle industry, Miles' biggest customer base, has dropped about 40 percent of its business.
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Central Oregon Business Expo - ‘The big picture is pretty rosy’
REDMOND — Central Oregon’s housing market downturn, while painful for many, does not reflect the economy’s overall health, the region’s top economic development official said Thursday.
The region’s diversification, enhanced by several years as the fastest growing region in the state, will help it weather what could be an impending recession, said Roger Lee, executive director of Economic Development for Central Oregon, which promotes business growth in the region.
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