Philips Consumer Electronics Co. is in the process of closing its Arden, N.C., plastics processing plant and consolidating those operations into its television manufacturing facility in Greeneville, Tenn. The Arden plant produces plastic TV cabinets for the Magnavox line of televisions. The company expects the move, which is still in the planning stages, to be complete by May 31. The consolidation will improve efficiency and Philips' ``competitive position in the rapidly changing consumer electronics industry,'' according to Joseph Brang, general manager of U.S. operations.
About 350 employees are affected by the closure. However some will be relocated to Greeneville, which now employs 2,000. A company spokeswoman at Philips' headquarters in Knoxville said some molding equipment will be moved to Greene-ville and some will be sold.
No determination has been made as to whether the consolidation will affect firm's strategies for using custom molders vs. molding in-house.
In addition to the Greeneville facility, Philips operates a television manufacturing plant in Juarez, Mexico. The three facilities employ a total of 10,000.
Philips designs, manufactures, markets and services Philips and Magnavox consumer, professional and commercial electronics products, and is a unit of Philips Electronics North America Corp.