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Article: Summit to shutter Tenn. site.(Brief article)
- Article from:
- Plastics News
- Article date:
- November 3, 2008
- Author:
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. 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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Byline: Rhoda Miel
Summit Polymers Inc. will close one of its injection molding plants as a result of the slowing auto industry.
The Shelbyville plant, which opened in 2004 to make interior and exterior parts, employs about 220 hourly and 40 salaried workers. With the automotive market slowing, especially for sport utility vehicles and trucks, the plant has to close, Summit said in an Oct. 20 news release.
"Four-dollar gas and the recent `credit crisis' have caused North American vehicle manufacturers to dramatically decrease their planned production volumes into the foreseeable future, particularly affecting trucks and SUVs,'' the company noted ...