Koppers Holding closing plant; nearly 50 left jobless
Published: February 20,2012
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.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- White House hotel making comeback in Biloxi
- McCarthy hired as CFO of Mississippi Development Authority
- State GOP chairman calls on McDaniel to hurry with challenge
- Fair cabins becoming more valuable, sources say
- MARTIN WILLOUGHBY — Tyler Raborn finds success and fulfillment with Raborn Media
- Guns OK inside Mississippi polling places, attorney general says
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- Supreme Court deals blow to McDaniel's election challenge
- Under state probe, All American Check Cashing gets ‘F’ rating from Better Business Bureau