...Shiloh Industries Inc. announced this week it will permanently close its Liverpool Manufacturing Plant at 700 Liverpool Drive, putting 111 employees out of work. The company filed a notice with the Ohio Department of Job and Family Services on Monday about the plant closing, which Shiloh said will happen within two weeks after July 3.
A Shiloh official did not immediately return messages seeking comment Thursday.
In the documents filed with the state, Shiloh cites “sudden, unforeseeable and unannounced suspension of manufacturing by two of our major customers” as a reason for the “accelerated closure” of the plant.
According to Shiloh’s Web site, the company formed as a tool and die business in 1950 and built its Medina Blanking facility in 1986. The company manufactures first operation blanks, engineered welded blanks, complex stampings and modular assemblies for the automotive and heavy-truck industries....“With the economic recession intensifying in the U.S. and around the world, the automotive industry in North America has slowed to 1991 sales levels, while the car and light-vehicle production has slowed in the last three months to levels we have not seen for over 25 years,” Shiloh CEO Theodore K. Zampetis said in a February statement...