Ply Gem to shutter plants
Ply Gem Industries, a manufacturer of exterior building materials, has announced its intention to close two window and door manufacturing plants. They are located in Hammonton, N.J. and Phoenix. Approximately 306 employees will be affected.
In a prepared statement, Gary Robinette, Ply Gem’s president and CEO, attributed the decision to market conditions. The Hammonton and Phoenix locations were chosen because of their proximity to other Ply Gem facilities, according to the company.
On Nov. 10, Ply Gem reported third quarter net sales of $342.8 million, a 7.3 percent decrease from the previous year. Net loss before unusual items for the third quarter was $4.1 million, compared to net income of $11.6 million for the third quarter of 2007. Net loss for the past quarter including goodwill impairment, net of taxes was $190.8 million.