December 03, 2008

Maco Steel Inc closes doors

The Grand Rapids Press reported that 45 lose jobs as family owned Maco Steel Inc closes doors of Plainfield Township plant in US. The plant is owned by Mr Dan Slater the son of late founder Mr Kent Slater.

Mr Dan Slater said that "We lost some customers recently and that was a big hit. It was basically the downturn in automotive, in the local tool and die market."

Maco cut and ground heavy steel plates for the manufacture of stamping dies, injection molds and special equipment for a variety of industries. After it filed bankruptcy, the company got another shock. Its biggest customer Die Tron unexpectedly closed doors March 18.