STOCKHOLM, Sweden (June 19)—Trelleborg A.B. will close an automotive anti-vibration components factory in Logansport, Ind., and move the bulk of production to a plant in Peru, Ind. The closing and transfer of production will take place throughout the rest of 2003 and be wrapped up by mid-2004, Trelleborg said, and result in costs of about $14 million. The move is part of a rationalization program involving assets acquired in the purchases of the automotive components businesses of BTR P.L.C. and Laird P.L.C. in 1999 and 2000. The Logansport closing will affect 335 employees, including 50 salaried staff, Trelleborg said. The consolidation should yield savings that could boost earnings by nearly $6 million by 2005.
Trelleborg to close Indiana plant
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