Loading...
Loading...
Kimball International, Inc.
, today announced the planned
consolidation of its metal fabrication production from its operation located
in Post Falls, Idaho, into existing production facilities in Indiana. Citing
improvement of customer delivery, supply chain dynamics, and transportation
costs as key factors in its decision, Kimball noted that eighty percent of its
installed base of customers is located east of Denver.
The transfer of work will involve the start-up of metal fabrication
capabilities in a company-owned facility, along with the transfer of certain
assembly operations into two additional company-owned facilities, all located
in southern Indiana. The manufacturing capacity realignment will be carefully
managed over a period of seven to eight quarters to ensure no customer
disruptions. The consolidation activities will begin immediately and the
company is actively marketing for sale the Post Falls, Idaho facility.
Kimball International CEO and Chairman of the Board, Bob Schneider, commenting
on the actions, said, “Today's announcement to better optimize our supply
chain and manufacturing footprint, and to reduce our cost structure post-spin,
reflects our focus on our markets and positions Kimball for long-term growth.
Savings from this plan will, in part, be redeployed into enhancing our
marketing and new product development.” Schneider emphasized that this
decision was based on economics and was not a reflection on the employees,
saying, “Our employees at Post Falls have a great work ethic and an excellent
record for quality, reliability and dedication. I'm proud of their service to
our customers.” Said Schneider, “The timing of the manufacturing realignment
will allow our Post Falls employees an extended period of time to find other
employment. Kimball is dedicated to assisting our team members with this
transition.”
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: NewsPress Releases
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in