BLAW KNOX EQUIPMENT TO CLOSE
BLAW KNOX EQUIPMENT TO CLOSE PITTSBURGH, Nov. 1 /PRNewswire/ -- Blaw Knox Corporation announced
today that it will close its Blaw Knox Equipment Division in Blawnox, Pa., effective Dec. 31, 1991.
Dean G. Wilson, president of Blaw Knox, said that "We regret that we have to take this action because the Equipment Division has a long history. However, in recent times the market for the products produced by the division, primarily for the steel industry, has been severely depressed. After taking a number of actions, with the cooperation of our employees, over the past six years, we have no choice but to close the facility. We had anticipated several new projects for the plant which have not come to fruition." The plant employed 180 individuals at peak production, and currently has a workforce of 100. "We realize the effect this will have on our employees and on the Borough of Blawnox," said Wilson, "and we will continue to cooperate with the Steelworkers Union under the provisions of our contract." The company said that "Plant Closure Notices" have been mailed to all appropriate local and state agencies. A spokesman noted that the Equipment Division had posted a loss of more than $7 million in the past six years. The Equipment Division was purchased from White Consolidated Industries, Inc., in 1985. The company will continue to operate its three other divisions in Scottdale, Pa., Wheeling, W.Va., and Buffalo, N.Y., which will not be affected by this action. -0- 11/1/91 /CONTACT: Richard A. McIntyre of Blaw Knox Corporation, 412-263-2337, or, Michael L. Koff of The St. George Group, 412-471-1090/ CO: Blaw Knox Corporation ST: Pennsylvania IN: MNG SU: CD -- PG008 -- 0235 11/01/91 12:38 EST
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|Date:||Nov 1, 1991|
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