PCMC has announced the closure of new machinery manufacturing at its Plymouth, UK, factory.

Rick Baer, president and ceo of the US based company, states,”The discontinuation of manufacturing will be a phased programme affecting approximately 200 employees and concluding in the second quarter of 2003.PCMC will complete the orders on hand, on schedule.

“Our colleagues in the UK have made a tremendous contribution to the success of our company. However, I am convinced that the actions we are taking will strengthen our global financial performance and allow us to continue to be a strong supplier of converting equipment both now and in the future.”

The Plymouth facility will continue as a sales and customer service operation.

More information from Lisa Prunty, PCMC – TEL: +1 920 494 5601. EMAIL: lisaprunty@pcmc.com