Tough market conditions are forcing Linpac Mouldings Ltd. to close its packaging and automotive injection molding plant in Witton, England, cutting as many as 180 jobs.
The plant, which operates 26 presses, is to close by the end of March. It is the second European custom injection molding unit closed recently by the company. In July, Linpac Mouldings shut down its auto components plant in Overpelt, Belgium, which employed 300, blaming unacceptably high operating costs.
Gary Stokes, managing director of the moldings division, was unavailable to discuss the plan. He was quoted in the Birmingham Evening Mail saying: ``Conditions have been difficult for the business for a long time. We are a small player in a very big market and our customers are moving away from us.''
Meantime, sister company Linpac Plastics Ltd. has extended its product range by purchasing plastic food-packaging producer Infia srl of Bertinoro, Italy, for an undisclosed sum.
Linpac Group of Birmingham is owned by London investment firm Montagu Private Equity. The Linpac Plastics unit in Knottingley, England, makes food packaging, primarily of expanded polystyrene and film.