Collins & Aikman Plans to Close Nashville, Tennessee Manufacturing Facility
TROY, Mich., Nov. 1, 2005 -- Collins & Aikman Corporation (CKCRQ) announced today its intention to close its Nashville, Tennessee manufacturing facility through a series of reductions that will be completed by the fourth quarter of 2006. The Nashville facility currently has approximately 350 employees who manufacture injection molded hard trim interior products for a variety of customers. The Company intends to consolidate the plant operations into existing Collins & Aikman facilities beginning with the transfer of a portion of the business by the end of 2005.
"We continue to evaluate our manufacturing footprint and are making the necessary adjustments in order to create a viable entity that can be successful upon emerging from bankruptcy protection," said Frank Macher, Collins & Aikman's President and CEO. Further consolidation is expected as the Company evaluates its operations and implements a number of cost reduction and efficiency improvement initiatives. Collins & Aikman stated they are committed to sharing their intentions regarding planned closures with concerned parties as soon as they are finalized.
Company officials met earlier with employees, customers and union officials to announce the planned closure.
Collins & Aikman Corporation is a leader in cockpit modules and automotive floor and acoustic systems and is a leading supplier of instrument panels, automotive fabric, plastic-based trim, and convertible top systems. The Company is headquartered in Troy, Michigan. Additional information about Collins & Aikman is available on the Internet at http://www.collinsaikman.com/ .