BLYTHEVILLE, AR (KAIT) - A company that manufactures electric motors and electrical motion controls, among other products, announced plans Friday to shut down its Blytheville plant.
According to a media release, officials with Regal Beloit Corporation said the products and processes made at the Blytheville location will be transferred to another Regal facility by the end of Sept. 2018.
Company officials said the decision to close was made based on the global marketplace.
"Consolidating this operation into existing Regal facilities will enable the Company to remain globally competitive. The decision to close Blytheville is not a reflection on the efforts or performance of our employees," officials said in the statement. "It is the company's intention to provide a comprehensive benefit package for eligible employees affected by the plant closures. Regal's goal will be to help affected employees make a successful transition from their job to other employment opportunities."