NN, Inc. to Close Hamilton Manufacturing Facility

Resource from: CBCC Likes:2947

Jan 16,2009

NN, Inc. today announced it will close its manufacturing facility located in Hamilton, Ohio. The Hamilton facility is one of four manufacturing facilities acquired in the 2006 acquisition of Whirlaway Corporation. Whirlaway produces a variety of high-precision metal components including fluid control components and assemblies, shafts and other precision metal parts. Operations in Hamilton are expected to cease by the end of March 2009 with production being transferred to Whirlaway’s manufacturing facilities in Wellington, Ohio. The closing will impact approximately 20 employees. Mr. Roderick R. Baty, Chairman and Chief Executive Officer, commented, “The closing of the Hamilton plant is a very difficult decision. Unfortunately, current business conditions do not support the operation of this facility. The closing will in no way affect our ability to provide product to our customers. We expect to incur cash charges of approximately $0.2 million in severance, equipment relocation and other closing costs in the first quarter of 2009.” Mr. Thomas G. Zupan, President of Whirlaway, commented, “We fully realize the financial impact this decision has on our dedicated employees in Hamilton. I would like to thank them for their commitment and service to Whirlaway and NN. We will work with them to lessen the negative impact of this difficult transition.” NN, Inc. manufacturers and supplies high precision metal bearing components, industrial plastic and rubber products and precision metal components to a variety of markets on a global basis. Headquartered in Johnson City, Tennessee, NN has 13 manufacturing plants in the United States, Western Europe, Eastern Europe and China. NN, Inc. had sales of US $421 million in 2007.

()

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous NorthCoast Bearings Launches New Web Site
Next SAE Airframe Control Bearing Group Conference April 28-30, Las Vegas USA

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.