September 3, 2003 - Posted at: 4:04 p.m. CDT
CORNING, Ark. -- Another Region 8 plant is closing its doors.
Corporate officials with Basler Electric in Corning confirmed for K8 News this afternoon that "a decision has been made to permanently shut down the production lines in Corning."
Basler employs approximately 140 workers in Corning, where it manufactures electrical transformers.
A company press release states, "Despite the company's best efforts and the hard work of all of the employees, we simply can no longer profitably produce transformers at this facility. The decision to close the Corning plant has been a very difficult one.
"However, we have been under constant pressure to cut our selling price while our Asian competitors are only too willing to undercut us," the release said.
The facility is expected to immediately begin winding down operations and should permanently close by February.