Trend Technologies Inc. will close its Albuquerque manufacturing operation by July 31 and move the work to other Trend facilities. Thirty-six employees will lose their jobs.
The Albuquerque site has focused on automated production of small components, especially since Trend transferred some larger programs elsewhere.
``It makes fiscal sense to consolidate the remaining business with other Trend locations where there is enough local business already existing to remain profitable,'' Earl Payton, Trend president and chief executive officer, said in a July 8 news release.
Most of the Albuquerque programs will go to Trend's plant in Longmont, Colo., with some transferred to Guadalajara, Mexico, and Asia. Currently, Dave Stuck is general manager for both the Albuquerque and Longmont facilities. Albuquerque's 20 injection molding presses, with clamping forces of 35-700 tons, and other equipment will be relocated as needed.
The Albuquerque site opened in 1993. By 1997, it employed 150 at two manufacturing and warehouse buildings totaling 61,000 square feet.
San Jose, Calif.-based Trend recorded 2001 sales of $523.8 million. Globally, the firm largely processes plastics, stamps metal and performs electromechanical assembly of electronic enclosures in 15 facilities. The company also has seven mold and die fabrication centers. In 2000, fund operator Doughty Hanson & Co. Ltd. of London acquired 90 percent of Trend.