Firestone Building Products (FSBP) is closing its manufacturing facility in Kingstree, South Carolina, laying off 190 employees. The company is consolidating production of Ethylene Propylene Diene Monomer (EPDM) roofing membrane to its Prescott, Arkansas, plant. Firestone will create 100 jobs in Prescott.
"While this is very difficult news for our teammates in Kingstree, we know that consolidating these two facilities and maximizing our EPDM production in Prescott is the right decision for our company in the current economic climate," said Ken Weaver, president of FSBP and chairman, CEO, and president of Firestone Diversified Products. "We simply have more EPDM capacity between the two locations than current market conditions can absorb."
The company estimates that it will stop production in Kingstree in July 2011. It has not released an official closure date.