Mayer Plant, a braiding machine manufacturer, has announced to shut down its Orangeburg plant after being in business for almost 50 years.
The family-owned unit plans to end its local operations by the end of the year.
More on the same, George Fischer, Chief Executive Officer, Mayer Industries Inc., said that the firm had to take the difficult decision of shutting down the Orangeburg plant to strengthen its braiding manufacturing unit located at German headquarters of Mayer & Cie.
The consolidation, he said, was necessary to provide enhanced asset utilisation.
A similar consolidation measure, for the business of knitting machines, was initiated by the company in early 2000s.
Speaking to media, George said that 59 employees working at the plant were informed about the closure 2 years back. Besides, he added that the company has been actively initiating to even help workers find a new job.
The factory, which was set up in 1970, started manufacturing knitting machines in early 1970s whereas by late 1970s, the factory started making braiding machines too.
