No buyer found for Chrysler plant
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.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Study: Mississippi has highest sales tax rate in U.S.
- Family launches Billups Coffee with headquarters in Oxford
- Chris McDaniel responds to radio show audio clip
- Mississippi State makes NSF ranking of research universities
- Running luxury car dealerships, like Mercedes of Jackson, comes naturally to Trudy Higginbotham Moody
- ‘Just the beginning’ — Venture Technologies merging, acquiring companies
- Chaney drops lawsuit against National Flood Insurance Program
- TVA president/CEO Johnson tours Techumseh, Yokohama plants
- Hood joins other AGs in efforts to curb copper theft
- Entergy gives $500K grant to The Nature Conservancy