Economy
The major industry of Renfrew was previously shipbuilding. Simons and Lobnitz, most notable for building sand dredgers were based in the town. The Renfrew shipyard closed in the early 1960s.
Further expansion of Renfrew's economy took place in 1938 with the opening of Hillington industrial estate, now named Hillington Park, not to be confused with Hillington housing estate in the city of Glasgow.
Renfrew is home to the engineering company Doosan Babcock (formerly Babcock and Wilcox), the King George V Dock and the Braehead out-of-town retail development.
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Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)