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Article: End of iron age: Gregg Industries to shut foundry as demand ebbs.(MANUFACTURING)
- Article from:
- Los Angeles Business Journal
- Article date:
- March 9, 2009
- Author:
CopyrightCOPYRIGHT 2009 CBJ, L.P. 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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GREGG Industries has manufactured metal parts for trucks and machines for 60 years, providing hundreds of jobs and racking up millions in sales.
But in May, the company will close its foundry in El Monte and shed 247 jobs, joining the hundreds of foundries that have closed up shop in Los Angeles and statewide since the industry began a gradual decline more than 30 years ago.
A mix of recent economic blows proved fatally toxic for Gregg.
Customers wanting cheaper parts outsourced to China and Mexico, fewer orders trickled in as the recession began and a settlement with an environmental agency over odors dinged it $4.7 million.
"We just ...