Houston, Texas-based Quanex Building Products, a manufacturer/distributor of building components, has announced that its building components subsidiary Kent, Washington-based Mikron Industries, a manufacturer of vinyl and composite window and door components, will close its Richmond, Kentucky manufacturing plant.
The closure will impact 140 employees in phases commencing June 7, 2024.
affect about 65 extruder operators, 16 maintenance technicians, 13 material handlers, and five each in the compounding, recycling, and tooling departments, among others.
According to Quanex President and CEO George Wilson, "As mentioned on our December call, we entered this year with a somewhat cautious outlook for the first half due to the ongoing macroeconomic challenges, but we remain optimistic that demand for our products will improve in the second half as consumer confidence is restored over time. While the near-term outlook for our business remains somewhat cautious, our long-term view has not changed, and we believe the underlying fundamentals for the residential housing market remain positive."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?
