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This is Chris Redgrave for Zions Bank Speaking on Business.
With energy being such an important factor in our lives and our economy, propane use is growing across the United States, especially in auto and home-heating use. Little did Sam Clark know that when he started a small repair shop servicing propane delivery trucks and trailers that it would turn into the country's largest manufacturer of propane dispensing stations and propane delivery trucks. His Ogden company is now doing business internationally with propane, the most in-demand alternative fuel available.
Intermountain Truck Rebuilders provides support services for propane retailers, like delivery trucks, refueling stations as well as bulk transport of propane. There's also a repair shop where they can fix equipment that runs on propane for commercial applications. The company is a support center for anybody who sells or distributes propane.
It satisfies two needs some other alternative fuel sources don't: being environmentally friendly and offering significant cost savings. Both are reasons why it's now the No. 1 alternative clean-burning fuel in the world. UPS just purchased 2,000 vans that operate on propane, and school bus manufacturers are also offering propane-powered engines as a better choice for the environment.
Locally, there's not a lot of competition because the market in Utah continues to develop. Worldwide there's more competition, but Intermountain Truck Rebuilders has still found success. They've now been doing business internationally for the last 5 years with their largest markets in Africa, South America, Canada, Europe and the Caribbean.
All four of Sam's kids are now involved with the business, carrying it successfully through the second generation. The third generation is also on the horizon with the oldest graduating from high school. They've also made it a focus at Intermountain Truck Rebuilders to try the product themselves and have converted some of their cars to be propane operated.
If you'd like to find out more about how to build your company's global presence, you can attend the fourteenth annual Zions Bank Trade and Business Conference on May 12. For more information or to register, visit www.zionsbank.com/conference.
For Zions Bank, I'm Chris Redgrave, speaking on business.
Intermountain Truck Rebuilders 2927 American Way Ogden, UT 84401 866-725-1901; www.intermountaintruck.com