Economy
Rugby's economy is mainly industrial. It is an engineering centre and has a long history of producing gas and steam turbines at the GEC and at the AEI. The AEI was earlier British Thomson-Houston or BTH. They used to dominate employment in the town. They are now amalgamated to form Alstom. Engineering in Rugby is still the most important sector.
Another major industry in Rugby is cement making; Rugby Cement works, on the western outskirts of the town, makes cement from the local Jurassic Lias limestone. The cement industry in Rugby dates back to the 1860s. In the 1990s the Rugby Cement works was dramatically expanded, and in 2000 other Rugby Cement plants at Southam and Rochester were closed, with all production moved to the Rugby plant, now one of the largest of its type in Europe.
Since the 1980s several large industrial estates have been built to the north of the town, and warehousing and distribution have become major employers.
Further afield, within the Rugby borough is the Rolls-Royce engineering works near Ansty. This is nearer to Coventry than Rugby, but is a major employer to the Rugby population.
Tourism is also important to the town's economy, especially related to Rugby football.
One of the last links to Rugby's rural past was the town's cattle market held near the railway station, and earlier in the "Market Place" in the old centre of Rugby since medieval times. The market near the railway station was closed in late 2008 and the site has been redeveloped into housing, a hotel and a Tesco store as part of a wider scheme of work in the station area.
Read more about this topic: Rugby, Warwickshire
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
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—Ralph Waldo Emerson (1803–1882)