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TMD Friction closing in May

Another 140 employees will be without jobs come May when TMD Friction Inc. closes down its plant in the Pulaski County Corporate Center.
Greg Scheessele, senior vice president of TMD’s American holding company, confirmed Friday afternoon that the Dublin plant is shutting its doors May 31. Employees were notified Monday.
The announcement comes on the heels of news that nearby Volvo Trucks North America would permanently eliminate 650 more jobs at its Dublin plant this spring.
TMD is considered the world’s leading manufacturer of brake friction materials in the original equipment market of the automotive and brake industry.
Scheessele said the decision to close the local plant was based on “the massive decline in sales in the automotive industry worldwide and as part of the current preliminary insolvency process in Germany.”
In December 2008 TMD Friction Group filed for insolvency (the American equivalency of bankruptcy) in Cologne, Germany, for their German operating and holding companies.
TMD is located at the end of Pepperell Way off Cougar Trail.
Under the insolvency filing, Scheessele said TMD Friction Group is implementing necessary restructuring measures in order to maintain a viable position in the global market. As part of those measures, the Dublin plant is being closed.
“The closure process includes an orderly wind down of ongoing operations with customers and suppliers …,” he added.
The company plans to sell the Dublin facility and property after that date.

TMD’s product portfolio includes disc brake pads and drum brake linings for passenger cars and commercial vehicles, together with brake pads for racing and friction materials for industry. It also supplies the global aftermarket with its Textar, Pagid, Mintex, Don, Cobreq, and Cosid brands.
The company also has facilities in Germany and six other European countries, Brazil, Mexico, China, Japan and Malaysia.
In 2007 it had 4,500 employees worldwide.

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TMD Friction closing in May

Another 140 employees will be without jobs come May when TMD Friction Inc. closes down its plant in the Pulaski County Corporate Center.
Greg Scheessele, senior vice president of TMD’s American holding company, confirmed Friday afternoon that the Dublin plant is shutting its doors May 31. Employees were notified Monday.
The announcement comes on the heels of news that nearby Volvo Trucks North America would permanently eliminate 650 more jobs at its Dublin plant this spring.
TMD is considered the world’s leading manufacturer of brake friction materials in the original equipment market of the automotive and brake industry.
Scheessele said the decision to close the local plant was based on “the massive decline in sales in the automotive industry worldwide and as part of the current preliminary insolvency process in Germany.”
In December 2008 TMD Friction Group filed for insolvency (the American equivalency of bankruptcy) in Cologne, Germany, for their German operating and holding companies.
TMD is located at the end of Pepperell Way off Cougar Trail.
Under the insolvency filing, Scheessele said TMD Friction Group is implementing necessary restructuring measures in order to maintain a viable position in the global market. As part of those measures, the Dublin plant is being closed.
“The closure process includes an orderly wind down of ongoing operations with customers and suppliers …,” he added.
The company plans to sell the Dublin facility and property after that date.

TMD’s product portfolio includes disc brake pads and drum brake linings for passenger cars and commercial vehicles, together with brake pads for racing and friction materials for industry. It also supplies the global aftermarket with its Textar, Pagid, Mintex, Don, Cobreq, and Cosid brands.
The company also has facilities in Germany and six other European countries, Brazil, Mexico, China, Japan and Malaysia.
In 2007 it had 4,500 employees worldwide.

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