ESAB Restructures in SC - 7/14/2009
Florence, SC – ESAB Welding & Cutting Products has announced a restructuring of its Florence, SC, manufacturing operations.
The manufacture of gantry cutting machines, arc equipment and plasma power supplies will be transitioned to other global factories. The Florence facility will continue to research and develop plasma processes, produce plasma systems and manufacture torches and consumables. In addition, it will continue to manufacture and sell Steel Industry Products, gas apparatus equipment and consumables.
Brendan Colgan, president and CEO, states, "We are continuing to be cautious about the economic outlook and are therefore moving forward with re-engineering efforts to optimize our manufacturing base and focus our product offerings to support our customers. ESAB is financially strong, and we believe these efforts will put us in a better position to remain profitable and free up additional resources that will be reinvested in the business to make sure we can take competitive advantage of opportunities as the economy recovers."
Read the full story at prnewswire.com.
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