Selma auto parts plant closes weeks early
Posted August 19, 2016 5:03 p.m. EDT
Updated August 19, 2016 7:30 p.m. EDT
Selma, N.C. — A Johnston County auto parts maker closed its doors Friday about a month ahead of schedule.
India-based Sona BLW Precision Forge located in Selma was expected to close in mid-September. County leaders previously said they were going to try to keep the plant open.
Nearly 200 people lost their jobs when the plant closed.
"Today is a difficult day for all of us at Sona," company President Todd Downie said in a statement. "All of our 196 dedicated employees were informed this morning that operations had to be shut down a month ahead of the planned closure on September 18, 2016. We appreciate their loyal service, and every employee has been paid in full as of today."
The company faced "financial obstacles" since 2013, including a shutdown of the plant due to a fire, which led to the closing of the plant.
"To be frank, we simply ran out of operating cash earlier than expected," Downie said.