Amfuel to shut plant in Magnolia, shifting 300 jobs to Texas.
American Fuel Cell & Coated Fabrics Co. of Magnolia is closing its plant in Magnolia, a move that will affect up to 300 jobs, as it brings a new plant online in Texas.
The closure was first reported late Sept. 19 by the Magnolia Reporter website. On Tuesday, Britt Gourley, the company's chairman and interim president and CEO, confirmed plans to move the Magnolia operations to a new plant in Wichita Falls, Texas.
The company, known as Amfuel, has been a presence in the city since the end of World War II. A timetable for winding down operations there was not available Tuesday.
"We are deeply disappointed that we were unable to continue at the Magnolia plant and would like to specifically recognize the efforts of the city of Magnolia, the [Magnolia Economic Development Corp.] and the state of Arkansas," Gourley told the Reporter in an email. "Unfortunately, and as they are informed, our collective attempts to remain in Magnolia failed but it was not for a lack of trying."
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|Title Annotation:||Manufacturing; American Fuel Cell & Coated Fabrics Co.|
|Article Type:||Brief article|
|Date:||Sep 26, 2016|
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