|US company Therma-Tru blames adverse market conditions.|
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.