NEW YORK ThyssenKrupp Materials NA Inc.s Copper & Brass Sales division will close three of its processing and distribution facilities while opening two new ones as part of its latest cost-cutting initiative.
The three processing plants slated for closureDayton, Ohio; Cleveland and Pittsburghwill be consolidated into the companys Northwood, Ohio, plant, the Southfield, Mich.-based company said.
ThyssenKrupp Materials has already begun moving rod, bar and wire inventory to the Northwood plant, a company spokeswoman told AMM.
"We will start moving metal immediately, but its a very interconnected process," she said. "The majority of the work will take place over the summer."
The 83 employees now working at three facilities will have the opportunity to transfer to other operations, the spokeswoman added. "We are committed to keeping as many people as we can," she said. "The workers at the current locations will have the opportunity to transfer if that works for them and their families."
ThyssenKrupp Materials sales offices will remain in Dayton and Cleveland for the time being but will move to newer buildings soon, she noted.
Meanwhile, the company will open new distribution hubs in Ohioin Monroe and Youngstownthat will serve as logistics centers for continued delivery service in conjunction with its nationwide logistics network.
"(The) moves position us for long-term success," Frank Kevane, president and chief executive officer of the Copper & Brass Sales division, said in a statement. "Were consolidating operations activities into premier facilities where weve invested in state-of-the-art equipment, giving us the framework for better efficiencies for all our customers in Ohio and Pennsylvania."
The company, for example, recently brought online a KASTOtec saw at its Northwood facility, which cuts rod, bar and wire up to 20 inches in diameter, the spokeswoman said.
"This is not the first time ThyssenKrupp has closed (plants), but we continue to open them up as well," she added. "We need to meet market demand and (are) trying to be as cost-efficient for our customers (as possible)."