Regal-Beloit (Marathon) Will Close

Posted in the West Plains Forum

Chamber of Commerce

Dallas, TX

#1 Jul 31, 2013
@e completed the EPC synergy program ahead of our original schedule. We closed and consolidated 4 manufacturing plants in Juarez as we planned. And we expect to see additional benefits from this program going forward. Now we're ramping up our simplification initiative. During the second quarter, we announced the closure of one of our fractional motor manufacturing facilities located in Springfield, Missouri. This decision is all about simplifying our manufacturing footprint to drive efficiencies in both costs and lead times to our customers. We will be consolidating this production into our existing Reynosa, Mexico and McAllen, Texas facilities. The transition will begin in the second half of this year and will be completed by the end of 2014. The restructuring costs necessary to implement are shown on the chart. We expect the benefits to be in excess of $15 million to be spread out over 2014 and 2015.

At the same time, we're making real progress on our design platform simplification efforts. This chart is an illustration of the impact of just one of our design platform rationalization programs. In fact, we will eliminate one of these design platforms as we relocate the Springfield manufacturing facility. As you can see from the chart, the part count has significantly reduced, making it easier for us to improve our efficiencies and gain leverage on our material purchasing. While the benefits of this effort are difficult to calculate, we are convinced that these efforts will have a long-tail benefit into the future.

The decision to close our Springfield facility was a difficult one. Our employees in Springfield have done an excellent job over the years serving our customers. However, we know that this move is absolutely necessary given our global competitive markets.
Hooty

United States

#2 Jul 31, 2013
When will West Plains be next???

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