While some companies are contracting during the recession, others are expanding and positioning themselves for the eventual economic pickup.
Once company in the latter category is Synco Chemical Corp., a 30-year-old Bohemia manufacturer that makes lubricants to grease machinery used in a variety of industries.
The company is looking for a new location that would about double the 17,000 square feet it now occupies, said Juan Nunez, chief operating officer.
And Synco has expanded its staff too. In the past two months it added two employees, including a salesman. It now has 28 workers.
Nunez believes that sales are picking up because businesses seem more willing to spend.
“Companies now feel secure enough to carry inventory, which they didn’t carry before,” he said.
As a result, he expects Synco’s sales this year to top 2009’s by 30 percent.
When company chairman Sal Randisi, who founded the company with his wife, Hilda, in 1980 (that's them at work in the photo above), hears that some manufacturers are wringing their hands over the industry and the recession, he doesn't get it.
“We spent the greater part of last week looking for a building,” he said in a recent interview. “I don’t know what they are doing.”
The company’s patented Super Lube product was formulated in the 1970s by Hilda Randisi, who was working as a pharmacist. The company initially sold it to the consumer boating market.
Today Synco sells more than 100 synthetic lubricants, which are manufactured on Long Island. It customers include companies in the food and beverage, marine, telecommunications, building maintenance, public works and transportation industries. It sells at the retail level through hardware stores such as Ace. Since 1988, the company says, it has made all the lubricants that grease the starter and wiper motors in Ford vehicles.
Synco believes that secrets of its strength lie in its employment stability and its business diversification. Nunez said that the company had never laid off any one. He believes that the company’s market diversification helped it to weather the economic downturn.
It sells about 75 percent of its products domestically - less than 5 percent on Long Island - and 25 percent internationally.
“When the national market took a beating, the international was still strong,” he said.
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