ELKHART, IND. — Coachmen Industries Inc. is consolidating some operations of its Prodesign plastics manufacturing division to cut costs and improve its bottom line.
The Elkhart-based unit does thermoforming and low-pressure molding of thermoplastics and composites for a variety of industries, including the recreational vehicle, marine and automotive fields.
Throughout the fourth quarter of 2000, the company consolidated administrative and support staff in Elkhart to "maximize the use of our assets," said Jim Jack, executive vice president and chief financial officer.
Coachmen is cutting costs companywide and focusing on core businesses in response to reduced sales in the RV industry.
The company said it will report a loss for its fourth quarter, even as it posts a profit for 2000.
Jack said he could not provide details on the company's status or consolidation plans until later this year.
Coachmen logged $565.8 million worth of sales through the first nine months of 2000, down from $640 million a year earlier.
For the third quarter of 2000, the company's sales dropped 19.2 percent from a year earlier, linked to an industrywide slowdown in recreational vehicles, Coachman reported.