66 year old Mill Closes Company Facility
December 15, 2004
SHIPPENSBURG, Pennsylvania – Hoffman Mills, Inc has confirmed that the company will close its entire company facility here, in February 2005.
Representatives of the 66 year old mill attribute the closing to competition with the Chinese fabric market. "Due to the faltering nature of our business here within the United States and increased competition from China, the company has been actively seeking creative methods to sustain our business and continue as a going concern."
"A short while ago, we realized that we will be unable to succeed in our efforts…despite all of our efforts, the situation appears dire and hopeless. In essence, the legs of the business have been pulled right out from under us. Therefore, after consulting with their advisors, the company has no choice but to wind down the textile business," the company stated.
Approximately 335 jobs, in all levels, will be lost.
Representatives of the 66 year old mill attribute the closing to competition with the Chinese fabric market. "Due to the faltering nature of our business here within the United States and increased competition from China, the company has been actively seeking creative methods to sustain our business and continue as a going concern."
"A short while ago, we realized that we will be unable to succeed in our efforts…despite all of our efforts, the situation appears dire and hopeless. In essence, the legs of the business have been pulled right out from under us. Therefore, after consulting with their advisors, the company has no choice but to wind down the textile business," the company stated.
Approximately 335 jobs, in all levels, will be lost.
