Tower facility closure to cost US$19.6m
Asset-impairment charges total US$11.7m
Tower Automotive Inc. will divest a facility in Kendallville, in northeastern Indiana, (USA) in 2007, a move that will cost the company US$19.6m. The cost mainly includes asset-impairment charges amounting to US$11.7m. Employee-related costs will be close to US$1.3m. The plant employs 100 workers.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
