ERJ staff report (DS)
Mississauga, Ontario -- MTI Global Inc. intends to close its silicone foam products plant in Buchanan, Virginia. The announcement confirms an earlier statement that MTI would consolidate its North American operations to two factories from three.
MTI said The majority of equipment and production will be moved to the company's facility in Milton, Florida with the balance moving to Richmond, Virginia.
In a statement, MTI said the age and inefficient layout of the Buchanan facility, the projected costs of needed repairs, and the high cost of fuel oil were some the deciding factors to close the facility.
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Press release from MTI Global