Posted Tuesday, December 11, 2001 1:19 PM | Contributed by Jeff
Arrow Dynamics president Fred Bolingbroke confirmed to CoasterBuzz today that the company has filed for reorganization under Chapter 11, due in part to the current economy and financial loss related to X (Magic Mountain's new 4th Dimension coaster). Arrow will also discontinue internal steel fabrication in favor of outsourcing. Engineering and parts service personnel, in addition to project management, QC and field service departments are being retained. Bolingbroke says he feels strongly that Arrow is on the right path to making a comeback in the industry.
A bump in the road this might be, but I think long term Arrow is indeed headed on the right track (and I'm not just saying that because I know the guy who runs the place).
Jeff - Webmaster/Admin - CoasterBuzz.com
"As far as I can tell it doesn't matter who you are. If you can believe, there's something worth fighting for..." - Garbage, "Parade"
"CB: A lot of people don't realize that Arrow does more than amusement rides. What else does the company do?
FB: That is a very good question. About 7 years ago, Arrow brought back in-house the manufacturing of track and structure, which gives us much greater control over the schedule and product quality. Over the last couple of years, we have made strides in diversifying our business and using our talents outside of the amusement industry. This has mainly involved steel fabrication and fiberglass work. We recently completed a large truss sculpture out of aluminum tubing (with many similarities to roller coaster track) for a government building in Baltimore. This fall we are working on major structures, including the cauldron, for the Winter Olympic Games in Salt Lake City. We also fulfill weekly fabrication orders for companies in the aerospace and airline industry.
Even though Jeff is not suprised, I, for one am. Fred so much as said that having the fab 'in-house' was a good thing AND was pretty much what kept the company busy. It's very curious that now they are going to dump it.
But hey, as long as they dont tell me what patent applications to allow, I wont tell them how to run *their* business.
--Arrow fan for life!
Also, judging by they repairs that I've seen in X photos, Arrow wasn't doing the steel fabrication very well.
Since when was Vekoma a Great company?? ;)
Doesn't surprise me, it was acutaly mentioned on the midways of CP on closing weekend when I was talking to a couple of Silver tags. What would happen first, X opens or they file.
You win Mr. Jasper...
One of us.. One of us..
June 11th, 2001 - Gemini 100 *** This post was edited by Red Garter Rob on 12/11/2001. ***
This will be a wise step for Arrow at this time. Im not worried, I just think they have had some bad timing here with the X issues and putting the Stratosphere project on hiatus.
In-house steel fabrication is not the problem, the problem is not knowing when to dump an idea. Somehow Arrow got infatuated with this "4th dimension" BS and it's gonna sink their ship. They should be putting energy into how to start making 300 foot coasters and break the 100 mph barrier. Everyone knows Arrow is a great company and the innovator of the modern steel coaster, but if they go down it will be nobody's fault but their own.
"You are what you think about all day long" Ralph Waldo Emmerson
Then again I am referring to the business that I am in(Medical manufacturing equipment). Maybe in the coaster building industry it is a smart move.
""An hour wait for a 2 minute thrill. Yes, we need our heads examined""
Outsourcing is a necessity in all businesses unless you want to own your own oil wells, iron ore mines etc. The problem is to do it intelligently, decide what amount of outsourcing is proper, and to use only quality suppliers. Obviously insourcing didn't work well for Arrow.
Usually when outsourcing becomes a problem is when upper management decides to control it based on some grand plan; instead of allowing the people who know the real issues to decide when, how, and to whom to outsource. I could tell horror stories about both screwed up outsourcing and insourcing, but not in an open forum
It was a good and bad thing. Huss allowed Arrow to stay in the industry, but it didn't like a lot of the designs that Karl Bacon had come up with...For example, Bacon had designed a swinging ship ride and several other flat rides that HUSS turned down development on.
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