Spencer manufacturer to close plant - KTIV News 4 Sioux City IA: News, Weather and Sports

Spencer manufacturer to close plant

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Spencer, Iowa (KTIV) - Some tough economic news out of Spencer, Iowa. A town that's already had more than 200 layoffs learns on Wednesday that one of its manufacturing plants is closing.

Freudenberg-NOK opened up a plant in Spencer in 2000. The company now plans to spend the next six months shutting it down and moving operations to two other plants in Ohio. The 65 people employed there will either be out a job or be given the opportunity to transfer with the company.

Freudenberg NOK manufactures seals and customs molded products. Company officials say the market has created a significant downturn in the company's output.

City Manager Bob Fagen says it's tough news, especially with other layoffs in the last year.

"With other job losses we've had recently with R-R Donnelley closing down and the reduction of the workforce at Eaton really compounds what is going on nationally and now we're seeing it more locally here and again losing 65 jobs is going to have a great impact on our community," says Fagen.

Founded in 1989, Freudenberg NOK General Partnership is based in Plymouth, Michigan. It's the Americas joint venture between Freudenberg and Company in Germany and NOK Corporation in Japan.

Together, Freudenberg and NOK Group Companies make up the world's largest producer of elastomeric seals and custom molded products. It has annual revenues of nearly $1-billion.

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