Myers Industries, Inc. an international manufacturer of polymer products for industrial, automotive among other products, announced that it is closing its Fostoria, Ohio manufacturing facility by Q2 2009 due to weak industrial and heavy truck markets and will put the same for sale. The plant is one of three Ameri-Kart™ facilities in the Company's Automotive and Custom Segment producing custom plastic products for industrial, heavy truck and other markets.
Current operations will be shifted to the Company's larger manufacturing facilities in that segment and closure will impact 50 employees at the site. President and Chief Executive Officer John C. Orr commented said, "This (the market downturn) has caused the Fostoria facility to operate at far less capacity than is practical for a prolonged period. As we continue to pursue opportunities that improve the cost structure and competitiveness of our businesses, consolidating operations to larger facilities will help to reduce our overall operating costs."