TWINSBURG, Ohio — A Canadian company trying to attract new businesses to a soon-to-be closed Chrysler factory in Ohio has come up short.
Maynards Industries Ltd. of Vancouver says it can’t find another company to move in to the stamping plant in Twinsburg, Ohio, and plans to auction the facility’s equipment and remaining assets in September. Maynards is a liquidation company that bought the plant in March for $45.5 million.
Chrysler plans to end production at the plant at the end of June, at which point it will lay off 206 workers. The last 77 workers will stay on until the end of July.
About 1,000 people worked at the plant when Chrysler announced shutdown plans last year, but retirements and buyouts have trimmed the work force. The factory takes steel sheets and presses them into door panels and other parts.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info