Published April 30, 2013
Caterpillar is closing its Summerville facility and laying off roughly 280 employees, the company announced Monday.
The facility remanufactured automotive and heavy-duty transmissions along with hydraulic components, and the decision to close the plant came as its customers chose other suppliers for those components.
“Over the past several years, we have conducted a strategic review of our operations there, and unfortunately, the facility was not competitive for this business,” said Barbara Cox, spokeswoman for Caterpillar. “This has been a difficult decision, but ultimately, our focus is on making decisions and taking actions that will best position the company for long-term success.”
The Summerville facility has 255 full-time employees plus six contract workers and 25 production agency workers, Cox said. The company will begin ramping down production now, and all production will stop during the first half of 2014. The company expects to close the plant around mid-2014.