American Feintool to move to Cincinnati
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- October
- 4
Feintool Group of Lyss, Switzerland, said yesterday that it will close its American Feintool plant in White Plains and move operations to Cincinnati, Ohio, eliminating about 20 jobs.
Part of the work force will be moved to Cincinnati, while severance benefits will be offered to the rest, the company said. The White Plains plant, more than 30 years old, no longer has the space to accommodate needed improvements, the company said.
Officials in White Plains could not be reached for comment. The plant produces precision parts with cutting surfaces free of torn or chipped edges. The shutdown is planned in the 2007-2008 fiscal year.
Feintool also said it will close a plastics composite components factory in Thailand at the end of this year because it wasn’t drawing enough regional orders.
This entry was posted
on Thursday, October 4th, 2007 at 6:06 pm by Jerry Gleeson.
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