Elkhart, Ind.-based pipe and fittings maker Nibco Inc. is closing an injection molding plant in Denmark, S.C., and consolidating that capacity at two of the company's other plants.
About 130 people will lose their jobs. The work is being transferred to Nibco plants in Goshen, Ind., and Greensboro, Ga.
The company notified its employees and Denmark officials May 7, meaning the plant probably will cease operating 60 days from then.
Nibco's top officials could not be reached for comment.
``To remain competitive in our global economy, we must continually seek ways to contain manufacturing costs, improve customer service and lower inven- tory investment,'' President Steve Malm said in a news release.
Economic development officials in Denmark called Nibco a good corporate citizen and said they understood Nibco's sensitivity to operating costs.
``The bottom line is profit, and I believe they found it will be more profitable to merge with their other plants,'' said Lisa Stokes, executive director of the Bamberg County Chamber of Commerce.
Plant details, such as size and capacity, were unavailable.
Alex Boykin, Bamberg County project manager for SouthernCarolina Alliance, an economic development group, said the region is losing good people and an important industry. However, ``it's a corporate decision in order to strengthen the company and keep them competitive in a global economy,'' Boykin said.
Nibco manufactures PVC and ABS pipe fittings at several plants in North America. This year, the company opened an 80,000-square-foot plant to extrude cross-linked polyethylene pipe in Franklin, Ohio. Nibco diversified into the PEX business after acquiring the assets of Knoxville, Tenn.-based Consolidated Plumbing Industries Inc. a year ago.