Commercial Vehicle Group, Inc. (Nasdaq: CVGI), a leading supplier of fully integrated system solutions for the global commercial vehicle market, today announced the Company’s plans to permanently close its wire-harness assembly facility located in DeKalb, Illinois.
The work currently being performed at DeKalb will be transferred to CVG facilities in Edgewood and Monona, Iowa. Seventy-five employees will be impacted by this closure, which is expected to be completed during the third quarter of 2013.
Kevin R.L. Frailey, President & General Manger of Electrical Systems for CVG stated, “To remain competitive, we continually evaluate CVG’s manufacturing footprint based on changing customer demand and industry trends. As a result, we are realigning our North America wire-harness capacity and consolidating our North American footprint from five to four wire-harness facilities.”
“We regret having to close our DeKalb facility and understand the impact this action will have on our employees and their families. However, following a long-term, extensive analysis of our business and changing customer needs, it is a step we have to take to keep CVG an efficient and cost-effective competitor in an evolving global economy,” Frailey said.
