Business Briefs

Housing Materials Plant in Goldsboro to Close; 108 Jobs to Be Lost

Posted January 17, 2008 2:24 p.m. EST

GOLDSBORO - GAF Materials is closing its housing materials plant in Goldsboro and will be terminating 108 jobs.

The plant makes roofing materials.

The company, which also is known as Building Materials Corporation of America, is also closing a plant in Quakertown, Pa.

“The nearly unprecedented decline in the housing market in 2007 has created extremely challenging market conditions for GAF, as it has for many other roofing manufacturers, and has resulted in a significant decline in demand for residential roofing materials,” said Dick Nowak, chief operating officer at GAF Materials, said.

“These market conditions have made improving production efficiency and our competitiveness even higher priorities than usual,” he added in a statement. “We explored options to improve our competitiveness, and, unfortunately, reducing excess manufacturing capacity is necessary.”

Production in Goldsboro will continue through the end of January. The plant will be shut down early in the second quarter, the company said.