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Article: Metal plant to close doors
- Article from:
- Missoulian
- Article date:
- December 24, 2008
- Author:
CopyrightCopyright The Missoulian Dec 24, 2008. Provided by ProQuest LLC. (Hide copyright information)
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COLUMBIA FALLS - Some 200 employees at Columbia Falls Aluminum Co. will lose their paychecks in 60 days. as the plant closes its doors against a global economic recession.
"A lot of people out here are in pretty glum moods today," said CFAC spokesman Haley Beaudry. "This is pretty tough news to break, especially to such a great work force."
Beaudry blamed high raw material and power costs, low aluminum prices and a recent court ruling for the shutdown.
"Worldwide, and domestically, there's a real oversupply of aluminum," Beaudry said.
Homebuilders, car manufacturers and airplane factories all "are in stagnant markets," he said, and aluminum prices have been falling as demand plummets.
A few ...