Foundry Daily News

USA - Metaldyne to Close Plant in Niles, Illinois

<font size="2">A Michigan-based auto industry supplier plans to close an <a href=";tx_hrtdictionary_pi1[showUid]=351" target="_top">aluminum die-casting</a> plant in Niles by March 31 and is laying off the facility’s 188 employees. </font>

<font size="2">Metaldyne Corp. announced Friday that it would close the plant, at 6119 W. Howard St. in north suburban Niles. A spokeswoman said the 167 hourly and 21 salaried employees at the plant would be laid off. </font>

<font size="2">The building is 130,000 square feet, according to Metaldyne’s Web site. Metaldyne bought the building in 2001 for $4.9 million, real estate research firm CoStar Group Inc. says.</font>

<font size="2">In July, the company began looking to sell the facility. </font>

<font size="2">"After several months we were not able to find a buyer for the Niles plant and given the lower industry volumes we now need to accelerate the closure of the operation,” Thomas Amato, chairman and CEO of Plymouth, Mich.-based Metaldyne, said in a statement. “This action is in line with our product and cost streamlining efforts.”</font>

<font size="2">Metaldyne is wholly owned by Japanese company Asahi Tec.</font>

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