Atlantis Plastics Announces Closure of Warren, Ohio Plant.ATLANTA -- Atlantis Plastics, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ATPL ATPL Airline Transport Pilot's Licence ATPL Acme Tele Power Limited (Haryana, India) ) today announced the shutdown and permanent closure of its injection molding injection molding n. A manufacturing process for forming objects, as of plastic or metal, by heating the molding material to a fluid state and injecting it into a mold. plant located in Warren, Ohio Warren is a city in the U.S. state of Ohio and the county seat of Trumbull CountyGR6. The municipality is located in northeastern Ohio, approximately 14 miles (22 km) northwest of Youngstown and 15 miles (24 km) west of the Pennsylvania state line. . Equipment and production volumes at the plant will be transitioned into other existing Atlantis Plastics' facilities. Approximately 30 current employees in Warren, Ohio, will be impacted by the closure. Severance and job transition benefits will be provided to impacted employees. Following one-time shutdown costs, the company anticipates this plant closure and capacity consolidation will result in reduced annual operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. and improved production efficiencies. Atlantis Plastics, Inc. is a leading U.S. manufacturer of polyethylene stretch and custom films and molded plastic products. Stretch films are used to wrap pallets of materials for shipping or storage. Custom films are made-to-order specialty film products used in the industrial and packaging markets. Atlantis' injection molded and profile extruded plastic products are used primarily in the appliance, automotive, agricultural, building supply, and recreational vehicle industries. |
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