Terex Corp., Westport, Conn., will close its Wilmington, N.C., production facilities over the next several months.
The facility does some assembly and fabrication of tower cranes and small crawler cranes. Service and aftermarket support for these product lines will remain in Wilmington for the foreseeable future. Parts will be housed in Southaven, Miss.
According to the company, approximately 90 team members—60 production workers, the rest in administrative positions—are affected. For union-represented team members, all terms of labor contracts will be honored. For others, severance pay and outplacement assistance will be provided.
“While the economy is beginning to improve, manufacturing capacity is greater than needed to meet foreseeable market demand,” said Kevin Bradley, president, Terex Cranes business segment. “The decision to cease plant operations in Wilmington was not an easy one,” he continued, “because we know this action affects team members and their families. However, we have determined that discontinuing production at Wilmington is the right decision for our business as we continue to consolidate our manufacturing footprint, consistent with the needs of our global customer base.”
Terex purchased the Wilmington facility from American Crane in 1998.
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