MERIDIAN, Mississippi — A Canadian company is closing its binder plant in Meridian and moving operations to Mexico in 2017.
CCL Industries says it will build a new $35 million binder plant in Guanajuato, Mexico, move label production to Tijuana, Mexico, and open a distribution center in Dallas. The Meridian Star (http://bit.ly/1OYIJkS) reports the move will cost the jobs of more than 230 workers at the Meridian plant. The company says it can't make binders cheaply enough at the 37-year-old plant to compete with imports.
The company, based in Toronto says it will offer employees transfers to other CCL locations in the United States. CCL says the restructuring will cost $5 million, but save $8 million a year once it's complete.
Local officials say they will seek a new user for the building.
Information from: The Meridian Star, http://www.meridianstar.com