Search on
News Title
News Details
Reports/Directory
Glossary
 
Title_head
Slowdown signs - Shiloh closing its Liverpool plant
142 times viewed.
Tuesday, 19 May 2009
EmailButton
Pdf_button

Shiloh Industries Inc will shutter permanently its Liverpool Manufacturing Plant this summer, putting 111 employees at the Medina County operation out of work.

Valley City based Shiloh notified the state via a required Worker Adjustment and Retraining Notification Act filing, that it will close the plant. The company in March told the state that it was laying off 83 workers from its Medina Blanking Division, although those layoffs were termed temporary.

Shiloh which primarily supplies US domestic automakers and their vendors has been hit hard by declining auto sales. For the fiscal first quarter ended January 31, the company’s sales were down 53% to USD 63 million from USD 134.9 million in like quarter a year earlier. Shiloh lost USD 6.1 million for the quarter. The company has not yet reported financial results for the second quarter ended April 30.

Shiloh told the state the closure of the Liverpool plant was due to the sudden, unforeseeable and unannounced suspension of manufacturing operations by two of our major customers.

(Sourced from crainscleveland.com)

Expanded Metal by Anping County Huijin Wire Mesh Co., Ltd.
Galvanized Steel by Beijing Xinruilufeng Industry and Trade Co., Ltd.
Wire Mesh Manufacturers & Suppliers
Aluminium Sheets Manufacturers & Suppliers

jspl
Stemcor
More International News
 
Disclaimer|Copyright Policy|Privacy Policy|About us|Feedback|Contact us|FAQ|Site Map|Know about SteelGuru