Cooper-Standard to Permanently Close Hose Facility
Relocation of the facility's business and equipment into existing Cooper Standard locations will occur over the next 12 months. Cooper Standard is a supplier of systems and components for the automotive industry.
The decision follows an extensive review of the company's current hose manufacturing capacity, as well as future market trends and forecasts for vehicle production rates in North America. As a result of this analysis, the Cooper Standard management team determined that there is not sufficient production volume to continue operating all three of its North American hose facilities.
The current Bowling Green hose business will be moved to Cooper Standard's existing facilities in Mt. Sterling, Kentucky and Atlacomulco, Mexico. Both facilities currently produce similar products to the Bowling Green facility and can quickly incorporate the transferred business.
The Bowling Green hose operation employs approximately 200 people and manufactures low-pressure rubber hoses for a variety of automakers.
Cooper Standard is currently working with Bowling Green hose employees and the United Steelworkers (USW 1152L) and state and local agencies in accordance with the federal Worker Adjustment and Retraining Notification Act.
Cooper-Standard Holdings is a manufacturer of fluid handling, body sealing, and anti-vibration systems components, systems, subsystems, and modules, primarily for use in passenger vehicles and light trucks for global original equipment manufacturers and replacement markets. The company conducts substantially all of its activities through its subsidiaries.
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