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Article: Colt's to spend nearly $5 million on consolidation. (Colt's Manufacturing Company Inc.) (Column)
- Article from:
- Shooting Industry
- Article date:
- October 1, 1993
- Author:
CopyrightCOPYRIGHT 1993 Publishers' Development Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Colt's Manufacturing will spend between $4 million and $5 million for the movement and set-up of machinery during its closure of the old plant in Hartford, Conn. over the next year, according to Jeffrey T. Crute, vice president of sales and marketing.
Close to $2 million was spent during the first three weeks of the movement of machinery to the new West Hartford location. The move was begun during the annual plant shutdown which occurs every year beginning the last week in July and continuing through the first two weeks of August (the time when production personnel take their vacations).
The plant closure, undertaken as a cost-cutting move, will result in a 50 ...
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