NEW YORK NV Bekaert SA is closing its Surrey, British Columbia, facility due to an exodus of customers to other parts of North America, the company announced Nov. 6.
The plant, which produces steel wire for various industrial applications, has seen customers leave the area at the same time imports to the region from Asian countries have increased, eroding its market base.
"The industries in our sector have not developed positively in northwest North America, and lots of customers in the region have shifted operations to other areas or ceased operations. Its not the best area for our production sectors. We believe we can deliver customers in North America from other sites," a spokeswoman for the company told AMM.
Bekaert has six other major production plants in North America, including two facilities in Arkansas, one in Kentucky, one in Ohio and one in eastern Canada.
Although the schedule for the plants closure will be the subject of negotiations with employees, the spokeswoman said the plant will close in phases in 2014.
The Kortrijk, Belgium-based company does not plan to reduce its overall output in North America, but instead will reallocate production to other North American plants, AMM understands.
The Surrey plant has 110 employees, according to a statement from the company, though Bekaert declined to disclose the facilitys capacity.