updated: 10/25/2012 2:58:35 PM

Michigan Company Plans to Close Indiana Plant

InsideINdianaBusiness.com Report

Efforts are underway to save 450 jobs in Elkhart County. Cequent Towing Products is planning to close its plant and move operations to Mexico. The parent company says the decision is not final, but the fate of hundreds of jobs should be known next month.

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The Goshen News reports Mayor Allan Kauffman and the Elkhart Economic Development Corp. are trying to set up a meeting with company officials.

The mayor tells the newspaper he is willing to try to save the jobs but doesn't know "if there is anything we can do."

The Goshen plan manufacturers trailer hitches.

The company's parent is Michigan-based TriMas Corp.

Source: The Goshen News


October 25, 2012

News Release

TriMas Corporation has made a preliminary recommendation to close its Cequent Performance Products facility in Goshen, Indiana. This facility currently manufactures hitches, weight distribution systems, fifth wheels, underbed structures and gooseneck systems.

As the Company evaluates and develops growth plans for this business, it has become convinced that it needs to make changes to enhance the competitiveness in this business. The preliminary recommendation is to relocate manufacturing operations to Cequent Performance Products’ facility in Reynosa, Mexico.

This is a preliminary recommendation and not a final decision. The Company will be evaluating this recommendation over the next several weeks and plans to have a final decision in November. If a decision is made to close the Goshen facility, the closing would not occur immediately. Rather it would extend over the entire 2013 calendar year.

Source: TriMas Corp.

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