Greif Bros. Corp. is closing its last injection molding plant, in Durant, Miss., by the end of April. The Delaware, Ohio, company has chosen instead to purchase injection molded components for its industrial containers from outside sources, according to Durant plant manager Carl Roberts.
Two other Greif Bros. injection molding facilities in Winter Haven, Fla., and Hebron, Ohio, already have been closed or sold, Roberts said.
"They are closing so they can focus more concentration on their core products — industrial containers," Roberts said.
Roberts said sales at the Durant plant have been "winding down" from the $5 million to $6 million range a few years ago — partly due to plans to close the facility.
Roberts said the 41 employees at his plant have some hope of continued employment because of pending negotiations with local Economic Development Agency officials and a similar company to relocate to the area.
He would not name the potential buyer of the Greif facility, but Roberts said the deal looks "promising."
Greif Bros. still does blow molding at eight North American plants. The publicly held company reported total 1999 sales of $892 million.