The Flowserve Dayton Foundry will continue to operate into the second quarter of 2016. Thereafter, the company plans to use that facility as a pattern storage warehouse. The move will eliminate 80 jobs.
Flowserve’s 25 employees at its titanium facility on East Monument Avenue are not impacted by the casting facility’s closing, said Scott Reed, the plant’s general manager.
“The company and the union will have a full and meaningful opportunity to negotiate in good faith regarding the company’s decision to cease primary steel manufacturing operations at the Dayton Foundry and the effects of the company’s decision on the employees represented by the union,” Rosene said.
He attributed the closing to a rapidly changing market, a significant decline in bookings and a trending loss in operating income.
“We are proud of the work that has been done in Dayton for more than 100 years,” Rosene said.
Headquartered in Irving, Texas, Flowserve produces pumps, seals and valves. Reed said the company’s primary client is the petrochemical industry.
The Flowserve Dayton Foundry is a high alloy facility specializing in stainless steels, nickel- based alloys and reactive alloys such as titanium and zirconium, according to the company’s website.
In its third quarter earnings statement last week, Flowserve President and CEO Mark Blinn said the company is moving quickly on its previously announced $100 million of realignment investment, which includes immediate headcount reductions as well as the announcements of several permanent facility closures.
To be first to find out about important stories such as this one, “Like” our new Dayton Business Facebook page.
About the Author