Koppers Holding closing plant; nearly 50 left jobless

by Associated Press

Published: February 20,2012

Tags: Closing, facility, forestry, jobs, layoffs, manufacturer, manufacturing, plant, trees, unemployment, wood, workers

GRENADA — Koppers Holdings Inc., which produces carbon compounds and wood treatment products, says it will close a facility in Grenada because of low levels of profitability that show no signs of future improvement.

Pittsburgh-based Koppers said in a news release that the wood treating plant in Grenada, which employed about 46 people, shut down by July 31.

According to the news release, the plant produces utility poles and had net sales in 2011 of about $30 million.

Koppers said the estimated cost of closing the Grenada facility is about $4 million.

[RSS Feed] [del.icio.us]



To sign up for Mississippi Business Daily Updates, click here.

POST A COMMENT

 

Twang & Tourism: The Country Music Trail

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

Still planning that summer vacation?

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

FOLLOW THE MBJ ON TWITTER

Top Posts & Pages

%d bloggers like this: