Standard Register (NYSE:SR), headquartered in Dayton, OH, USA, will close its label printing facility in Terre Haute, IN, as part of a corporate realignment and consolidation of assets, the company has announced. Equipment from the Terre Haute location will be transferred to three other Standard Register plants in the US. The facility has been in operation since 1983 and produces pressure sensitive labels.
Sixty people are employed at the Indiana plant, which will remain open until May. Standard Register says that it is providing all affected employees with severance and job-finding assistance.
Standard Register is moving equipment from the Terre Haute plant to facilities in Kentucky, Florida and Maryland. “These moves, combined with investments in new short run label equipment and manufacturing computer systems, will create a label manufacturing ‘center of excellence’ in Radcliff (KY), where all key complex label products will be produced,” says Tom Furey, vice president and general manager, Document and Label Solutions for Standard Register. “This facility will become a showcase for labels manufacturing, able to leverage its people, processes, material and technology to support most customers’ labeling needs with rapid response and the highest quality labels.”
Meanwhile, the company is preparing to open Standard Register de Mexico, a wholly-owned international subsidiary, in a 30,000 square foot plant in Monterrey, Mexico, later this year. Plans are to employ about 30 people, including a bilingual staff, to provide label printing, print on demand services and distribution to about a dozen Standard Register customers.
“We are helping our customers survive in today’s competitive global market,” says Furey. “We want to serve our customers, wherever they have operations, so we acted when we saw the opportunity to expand our business in a new direction.” The company was involved in a small joint venture with a Mexican label manufacturing business that ended in 2005.
An official company statement said that Standard Register “is taking steps to align its Document and Label Solutions (DLS) business with market opportunities and customer needs. Through careful study of product mix, capacity, and growth projections, the company determined that a realignment and consolidation of current assets, combined with new investments in equipment and process technology, will allow Standard Register to be more responsive in meeting the needs of its customers. The moves will also provide for more efficient production and processes and allow the company to better manage growth in its labels business.”