| US company Therma-Tru blames adverse market conditions. |
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23 November 2007 – A US company is set to close the South Wales factory of its UK subsidiary that manufactures glass-reinforced plastic doors. Therma-Tru has revealed that it has entered into a 90 day consultation period with staff at its plant in Nantgarw, near Cardiff. A total of 150 staff work at the plant: 85 manufacturing staff and 69 in sales, installation and administration. The company’s management said that adverse market conditions had necessitated a review of the economic viability of the plant. The plant makes doors for the social housing sector. A senior Therma-Tru spokesman confirmed the intention to close and added: “While we have made considerable progress with rigorous cost cutting and operational improvements over the past year, the outlook for the long-term viability of the business remains poor. Even with rigorous cost controls, operational improvements, and exiting money-losing channels, the business continues to deliver negative rates of return." Therma-Tru’s manufacturing process involves bonding fibreglass skins to either side of a composite inner frame. These are then filled with polyurethane foam.
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Link to this article：GRP door maker to shut Welsh factory
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