Shaw Closing Two Yarn Plants
April 6, 2009,
Shaw Industries Group Inc. plans to shut down two yarn plants in Georgia: a spun yarn facility in Calhoun and a filament yarn plant in Valdosta.
Shaw refers to these facilities as Plant 07 in Calhoun and Plant WL in Valdosta. About 600 employees will be affected between now and when production ceases at both facilities over the next several weeks.
"It is critical that Shaw maintain the best balance of cost and capacity in this challenging economic environment," a prepared statement said. "The company remains confident about the future of the carpet business for the long term and intends to protect and improve its competitive position and leadership in the industry."
Shaw Industries Group, Inc., a subsidiary of Berkshire Hathaway Inc., has about $5 billion in annual sales and employs 28,000.
Related Content By Author
Countdown to the ICON Honors: Leftbank Art