11/10/2009
HEADLINES
Camcar Aerospace-Rockford To Close
Acument Global Technologies will shutter its Camcar Aerospace facility in Rockford, less than two years after returning to the “Fastener Capital of the World” with plans for $70 million in aerospace production by 2010, according to BusinessRockford.com.
Acument’s re-entered the aerospace fastener market with the March 2008 opening of its Camcar Aerospace production complex occupying two renovated facilities in Rockford.
“Employees made a concerted effort to get the plant lean and efficient enough to offset a sharp decline in sales,” Weir stated. “Ultimately, their efforts were not enough to offset the sustained drop in order volume we’ve experienced due to the aerospace industry downturn.”
The downturn was reportedly fueled by “delays in Boeing aircraft programs and a decline in the business jet market.” Camcar employed 50 workers.
Weir said the shutdown would be staggered, with ongoing production in Rockford through year’s end, followed by the transfer of tooling and machinery to the Saturn Fasteners plant in Burbank, CA.
Acument’s Belvidere facility in Illinois is expanding production, Weir said.
Auto and industrial fastener production was moved there following the June closing of an Acument facility in Wytheville, VA.
Following the Camcar return to the aerospace market, Acument acquired Burbank, CA-based Saturn Fasteners. ©2009 GlobalFastenerNews.com
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