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Hupps Mill Plaza store owners were just as surprised as anyone else to learn that the 173,351 square foot shopping center is headed for the auction block next week.
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IVC plant in South Hill to halt manufacturing, costing 100 jobs
SoVaNow.com / January 14, 2013International Veneer Company (IVC) announced Monday it will soon cease manufacturing operations at its South Hill plant, resulting in the loss of about 100 jobs. Production at the plant will continue for approximately 60 days before IVC downsizes in South Hill to a warehousing and administrative location.
"This is extremely painful and disappointing news to everyone at IVC, especially our dedicated and loyal employees. Our employees are caring and professional and our heart goes out to them," stated a news release attributed to the company and signed by IVC President Tyler Howerton of South Hill.
The company said the decision to halt manufacturing at the South Hill facility stemmed from "an over capacity in our veneer production facilities and unfortunately, the South Hill plant is too far from our sources of raw material. Therefore further veneer production will be shifted to our sister mill in Pennsylvania."
The company said it will continue veneer grading, warehousing, selling and administrative functions at the South Hill mill with approximately 25 employees remaining on the payroll.
IVC is a major producer of hardwood veneers used in construction and furniture making. The company opened in South Hill in 1987 and in 1997 established a mill near Mercer, Pa. IVC undertook a $2 million expansion in South Hill in 2003 and weathered fire, federal penalties for illegal shipments of veneer products to Syria and economic ups-and-downs to reign as one of South Hill's largest employers.
The company said in its statement Monday that "we are working very closely with the VEC" — Virginia Employment Commission — "to put a support system in place and assist all affected employees."
This story will be updated. 2229
CommentsHow you all like nobama now? His election is a direct result of these two factories in the area closing.
- By allpolitical2 on 01 / 15 / 13
CommentsStay tuned there will be 1 more large business very soon to go away.
- By looking ahead on 01 / 15 / 13
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