RICHMOND, Va., May 30 /PRNewswire-FirstCall/ -- Universal Leaf North
America NC, Inc., a subsidiary of Universal Leaf Tobacco Company, Inc., today
announced that it plans to close its leaf tobacco processing plant in
Henderson, North Carolina, on August 1, 2002, one year earlier than originally
planned. The factory, along with one in Wilson, North Carolina, had been
scheduled to close in 2003 in conjunction with the opening of Universal's new
state-of-the-art facility currently under construction in Nash County, North
Approximately 130 full-time positions and about 400 seasonal jobs will be
affected by this action. This year, U.S. flue-cured and burley leaf tobacco
will be processed in Universal's newly upgraded and expanded Danville,
Virginia plant and the Wilson facility. In 2003, all of Universal's tobacco
processing will take place in either Nash County or Danville.
W. Keith Brewer, President of Universal Leaf North America's U.S.
operations, said that today's announcement to accelerate the closure of the
Henderson plant is a result of an unanticipated reduction in orders from a
number of export customers.
"We can accommodate the revised processing volumes in our Wilson plant and
our newly enlarged and technologically advanced Danville factory," said
Brewer, further noting that the Danville facility, which will re-open in
August, will have an increased processing capacity of more than seventy
percent above previous years.
"While we knew the Henderson plant was ultimately going to close, that
does not make today's decision any easier. The factory and the employees who
worked there have served Universal well for many years. Our goal now is to
accomplish this closing with the least possible disruption to the lives of our
employees and the community," Brewer said.
Universal Leaf Tobacco Company, Inc. is a subsidiary of Universal
Corporation (NYSE: UVV), a diversified company with operations in tobacco,
lumber, and agri-products. Universal Corporation's gross revenues for the
fiscal year that ended on June 30, 2001, were approximately $3.0 billion.
For more information, visit Universal Corporation's web site at
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SOURCE Universal Leaf North America NC, Inc.