PTC said idling Kentucky steel tube mill
Mar 12, 2013 | 03:49 PM
| Michael Cowden
CHICAGO PTC Alliance Corp. has decided to idle its steel tube production facility in Hopkinsville, Ky., several sources familiar with the situation told AMM. PTC Alliance declined repeated requests for comment on the reported closure, but sources said layoffs for the shutdown began on Jan. 31. The Wexford, Pa.-based company plans to finish existing production orders at the mill by March 31, although that date may push into April, the sources said, adding that customer accounts are expected to be moved to other company plants. The plant produces seamless tubing as well as drawn-over-mandrel (DOM) tubing, a product that has been struggling in recent quarters because of increased capacity at a number of DOM domestic mills, including PTC (amm.com, July 10). In....
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