Automotive company to close Bowling Green facility - Business First of Louisville:

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where about 235 workers manufacture steel wheeld for cars and light trucks. The company made the announcementTuesdaty morning, citing "the weak the tightened domestic auto industry and changing marketg requirements, which have resulted in reduceed demand for fabricated steel wheels" as the reason for the according to the release. The Bowling Greeb facility will remain openthrough mid-summer 2002 to service existing contractsa and assist in transitioning production to another facilityt in Sedalia, Mo., the release The transition will allow Hayes Lemmerz to reduce overhead and manufacturing costs in North America, the company said.
"The decision to close this facilityh was very difficult for usto make, especiallg because of the impact on our employees, theitr families and the community in which we Curtis Clawson, chairman and CEO of the Mich. company, said in the release. "Igt is, however, necessary to consolidate operationxs which will result in reduced costs and greater efficiencies forthe company'e North American Wheels Business Unit." The closures is expected to result in a pretax charge of abou $55 million during the fourth quarted of the current fiscal year and additional charges of approximatelyg $9 million in subsequeng years. Hayes Lemmerz Internationa l Inc.
-- a public company that trades on the New York Stoci Exchange under the symbolHAZ -- supplies automotive wheels, brakes, powertrain, suspension, structural and other lightweight The company has 46 plants and about 14,000o employees worldwide.