Ferro Corp., a manufacturer of technology-based performance materials, announced Monday the closure of its Niagara Falls, N.Y., facility by the end of 2007.
The plant, which produces dielectric and industrial ceramic products for the electronic materials and other markets, has about 150 employees. The manufacturing that is now being done at the Niagara Falls facility will be gradually moved to other Ferro locations in Penn Yan, N.Y. and Uden, in The Netherlands.
According to Barry Russell, vice president of Ferro Electronic Material Systems, due to market changes, there has been a decreased demand for the type of products produced at the Niagara Falls facility and there is insufficient business to support plant operations. This is not expected to change in the future.
About 25 jobs will be added to the Penn Yan site, which also manufactures materials for the electronic materials market, and currently employs about 207. At Uden, the work transfer is expected to add approximately 16 jobs.
Ferro, headquartered in Cleveland, Ohio, has about 6,800 employees globally and reported sales figures of $1.9 billion in 2005.