Federal-Mogul Motorparts Facility in Maysville to Remain Open
Resource from: SurfKY.com Likes:201
Dec 15,2014
FRANKFORT, Ky. (12/13/14) — The Federal-Mogul Motorparts distribution center in Maysville was on the brink of closure, but thanks to a creative approach and determination, Gov. Steve Beshear announced the facility will remain open and retain up to 100 jobs.
The facility had been scheduled to close by June 30, 2015, as part of a realignment of the company's North American distribution network. Upon hearing of the closure, the Kentucky Cabinet for Economic Development reached out to Federal-Mogul Motorparts to offer support and discuss options to keep the company in Maysville. The discussions played a role in the company deciding to remain in the Commonwealth. Federal-Mogul Motorparts now plans to turn the Kentucky operation into its dedicated North American product logistics center.
"This is very exciting news for northeastern Kentucky and the entire Commonwealth," said Gov. Beshear. "Kentucky is dedicated to not only attracting new businesses, but also supporting our existing industries. Today's announcement is a prime example of how we work with companies to solve problems and create new opportunities for growth and success. I want to thank Federal-Mogul Motorparts for its renewed commitment to our state and 100 Kentucky families."
Federal-Mogul Motorparts currently receives, inspects and distributes unsold products and other items from its wholesale customers at multiple facilities across the U.S. The company, which manufactures and distributes more than 97,000 product stock keeping units for automotive, commercial vehicle, industrial and other North American markets, will consolidate this function in Maysville after existing product distribution operations are realigned.
"We are very pleased to be able to bring this good news to our Maysville team and the citizens of Mason County," said Kenneth Burns, Federal-Mogul Motorparts' senior vice president of global supply chain and quality. "Maysville has played an important part in our success over the past 21 years, and we believe in its new role it can help us enhance the efficiency of a very complex business process."
"I am pleased that Federal-Mogul will not only remain open, but in its new role will offer additional economic development opportunities," said Sen. Walter Blevins Jr., of Morehead. "The company has been a good corporate friend in Maysville, and I wish it prosperity in the years to come."
"I'm very excited to see Federal-Mogul stay here in Maysville," said Rep. Mike Denham, of Maysville. "I want to thank Gene Weaver with the Maysville-Mason County Industrial Development authority, and Secretary Larry Hayes and Deputy Commissioner John Bevington at the Cabinet for Economic Development. Their hard work and the perseverance of Kentucky's state, local and county officials not only saved 100 jobs, but also created a great opportunity in northeastern Kentucky. I also want to thank Ken Burns, Danita Applegate and all of Federal-Mogul's local employees. Without their dedication and strong work ethic, none of this would have been possible."
"It's like getting a new industry, and industry as the life blood of Maysville," said Maysville Mayor David Cartmell. "Federal-Mogul has been a longtime partner in Maysville's success. I want to thank Gov. Beshear, Federal-Mogul Manager Danita Applegate and Gene Weaver for their tireless efforts in saving these jobs for our region."
"This is great news for Maysville and Mason County," said Mason County Judge-Executive James "Buddy" Gallenstein. "Federal-Mogul has been a valued corporate partner with this community. I know that Gov. Beshear and Federal-Mogul Manager Danita Applegate have worked extremely hard to save these jobs. I also would like to thank Gene Weaver and the Maysville-Mason County Industrial Development Board and all our elected officials, especially Rep. Denham, for their tireless efforts to save and bring jobs to our community."
Federal-Mogul Holdings Corporation, NASDAQ: FDML, the parent company of Federal-Mogul Motorparts, is a leading global supplier of products and services to the world's manufacturers and servicers of vehicles and equipment in the automotive, light, medium and heavy-duty commercial, marine, rail, aerospace, power generation and industrial markets. The company's products and services enable improved fuel economy, reduced emissions and enhanced vehicle safety.
Founded in Detroit in 1899, Federal-Mogul Motorparts employs more than 45,000 people. For more information, visit www.federalmogul.com.
(SurfKY.com)
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Previous New SKF Machine Tool Observer MTx Serves as Single Device Connecting all Sensors for Active Monitoring and Data Logging
Next New Chief Financial Officer at Schaeffler
Next New Chief Financial Officer at Schaeffler
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
