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Economy wallops several Indiana plants

September 8, 2008
The sluggish economy has prompted several companies to close plants or lay off workers in the state in recent days. They include:

-Jasper-based Kimball International Inc. said it will close its furniture factory in Borden and move the operation to its Salem plant, also in southern Indiana, according to the Evansville Courier & Press. Capacity at both plants had fallen below 50 percent of capacity. The 244 workers at the Borden plant were offered the opportunity to shift to Salem.

-In Shelbyville, 40 workers lost jobs at auto parks maker PK USA, The Shelbyville News reported. The company, owned by Japan-based Press Kogyo Co., has no plans to call them back.

-A GTA plant in Fort Wayne will close, eliminating about 40 jobs. The cuts follow the sale of some of GTA's assets to X-Y Tool & Die in nearby LaOtto, according to Greater Fort Wayne Business Weekly. Formerly called Global Tool & Automation, GTA makes tooling for thermoforming, injection molding and other purposes.

-Wabash Magnetics, a electric coil manufacturer in the northern Indiana town of Wabash, is closing its plastic mold manufacturing plant, throwing 72 out of work, according to The Journal Gazette of Fort Wayne. The company is owned by Kurz-Kasch Inc. of Toledo, Ohio.

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