Holcim (US) Inc. Announces Plans to Mothball Catskill New York Plant

Mar 15, 2011, 08:45 ET from Holcim (US) Inc.

WALTHAM, Mass., March 15, 2011 /PRNewswire/ -- Holcim (US) Inc. announced today that in response to continued economic challenges and market conditions, it will mothball its Catskill, New York cement plant effective June 13, 2011.

"We deeply regret having to mothball this plant," said Bernard Terver, president and chief executive officer of Holcim (US).  "In 2010, we highlighted the challenges faced by this plant when we announced a temporary layoff.  The mothballing of Catskill is a direct result of continuing economic challenges and market conditions in the region.  We have looked at all available options and feel that this move is necessary in order to meet the company's current and future business needs."

Approximately 100 hourly and salaried employees will be affected by this decision.  

Mothballing includes ending production operations and securing the plant in such a way that operating permits and equipment will be preserved for possible future operations.

There is no current timeline for possible future operations and any decision will be dependent on the economy and future demand for the product along with other business factors.

The terminal located at the Catskill plant will remain open in order to continue supplying product to its customers.  

About Holcim (US) Inc.

Holcim (US) Inc. is a subsidiary of Holcim Ltd, and one of the nation's leading manufacturers and suppliers of cement and mineral components.  Holcim (US) has approximately 2,000 employees and operates 13 manufacturing plants and 70 distribution facilities in the United States.

SOURCE Holcim (US) Inc.