BREAKING: Citizens to close Coke plant

April 12, 2007

Citizens Gas & Coke Utility will close its 99-year-old Indianapolis Coke plant on the southeast side, eliminating 300 jobs.

The utility said today it was unsuccessful in finding a buyer for the plant despite interest from about 20 firms over the last 11 months. Sources outside the company who were close to the talks said one of them was DTE Energy, the Michigan parent of Detroit Power & Light.

Citizens officials cited “steep declines” in demand for coke from American steel and auto industries for a $17.6 million loss in the division last year. Coke is produced by baking coal.

This story will be updated.

Source: XMLFULL/XMLFull1227.xml

Recent Articles by IBJ Staff

Comments powered by Disqus