CITATION CORPORATION
4051 North 27th Street
Milwaukee, WI 53216
Contact: Mike Miller, General Manager
414-444-0911
Fax: 414-444-7300
July 15, 2002
CITATION ANNOUNCES PLANT CLOSING
MILWAUKEE, Wisconsin - Today Citation announced that they will cease operations at their Interstate Forging - Midwest facility. This action is necessitated by the current recession in the manufacturing sector and the dim outlook for significant increased sales in the near term.
A division of Citation Corporation, the Milwaukee plant employs 114 people and manufactures steel forgings for industrial applications and the makers of construction equipment.
General Manager Mike Miller stated, "Closing a plant is a very difficult decision, one that requires long, careful consideration. Citation management understands the impact it will have on the families of our employees, as well as the local community. The people of Interstate Forging - Midwest have a long history of hard work and dedication, but current and projected market conditions make it impossible to financially justify continuing operations."
Citation intends to ensure a smooth transition for all of its customers served by Interstate Forging - Midwest. Accordingly, the plant will continue operating until the work is transferred to Citation's other forging facility in Navasota, Texas, or to other suppliers. The exact date of closure will likely be between September 30 and November 30, 2002.
Based in Birmingham, Alabama, Citation Corporation is a metal components supplier to capital and durable goods industries, including automotive and industrial markets. The company designs, develops, and manufactures cast, forged, and machined components at its seventeen manufacturing divisions in nine states with approximately 5,600 employees.