Home / Knowledge / News / Textiles / PGI to close New Jersey plant, lay off 85 workers
PGI to close New Jersey plant, lay off 85 workers
03
Jun '08
Polymer Group Inc announced that it will close its manufacturing plant in Landisville, New Jersey to better align the company's capabilities with its long-term strategic direction.

The company intends to close the Landisville plant, which currently manufactures carded thermal bond and chemical bond products for the hygiene and medical markets, by the end of the third quarter of 2008.

Certain products lines are expected to be transitioned to other facilities within the U.S. operations while others will be discontinued. The company will provide the approximately 85 affected workers with severance and displacement assistance.

"PGI's focus on leading market positions and global growth requires a constant assessment of our capabilities compared to the market needs," said Veronica (Ronee) Hagen, Polymer Group's chief executive officer.

"The consolidation of the Landisville facility is a function of market demand shifting away from the technological capabilities of the plant and is consistent with our efforts to focus resources on best-in-class technology and product offerings. These decisions are difficult and we regret the impact they will have on our employees, but they are necessary steps to maintain our competitive position and effectively serve the needs of our global customer base."

After the consolidation is complete, PGI will continue to operate seven plants in the U.S. Other locations include Benson and Mooresville, North Carolina; North Little Rock, Arkansas; Waynesboro, Virginia; Kingman, Kansas; Clearfield, Utah; Guntown, Mississippi and Clackamas, Oregon.

As a result of the decision to consolidate the operations, the company estimates that it will recognize restructuring charges of approximately $1.9 million to $3.8 million in 2008. Additionally, the company anticipates proceeds of approximately $1.0 million to $3.0 million from the sale of the idled facility and equipment. The initiative is not expected to have a material impact on the company's gross profit in 2008.

Polymer Group Inc

Must ReadView All

Apparel/Garments | On 6th Dec 2016

Alibaba merges Juhuasuan with Tmall.com

In a business reorganisation, aimed at making it easier for merchants ...

Comez 609 B8 machiner. Courtesy: Jakob Muller

Textiles | On 6th Dec 2016

Jakob Müller shows new machines at India ITME

Jakob Müller AG, developer of machineries for the manufacture of...

Courtesy: The Fashion Awards 2016

Fashion | On 6th Dec 2016

Fashion Awards: Alexander McQueen is brand of the year

Alexander McQueen received the brand of the year award at the Fashion ...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search