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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Alcorn president launches new customer service task force
- NEW IN MADISON COUNTY — Mississippi Bio-Medical Business Collaboratory to be introduced Friday
- Court rules against Greenwood councilwoman; must give up office
- David Duval, former British Open winner, joins Sanderson Farms field
- GreenTech holds grand opening of neighborhood electric vehicle plant
- Turner Grain’s bankruptcy will help consolidate lawsuits alleging breach of contract
- Cochran continues to reach out to African American voters
- Peoples Bank reports quarterly loss due to bad loans
- Senators write letter over Waters of the United States proposal