wiredinUSA March 2013

As Southwire Company works to remain competitive in the face

of market declines, the company has announced its intention to

undergo significant changes during 2013, including the closing of

the its manufacturing plant in Stouffville, Ontario, and the relocation

of its Canadian headquarters.

“We continue to face challenges in the North American wire and

cable market,” said Eric Schmidt, president of Southwire Canada.

“While we feel the market has settled, we do not see significant

improvements in the near future, leaving us with excess capacity

and decreased production efficiency.”

Southwire intends to close the Stouffville operations this year and

shift product orders to plants in other areas. The move will allow the

company to reduce excess capacity, while taking advantage of the

closer proximity of other facilities to raw materials.

Southwire purchased the Stouffville facility, which employs about 150

people, from Cable Tech in 2006. “The closure is not a reflection on

our people, their performance or the quality of their work,” Schmidt

said.

“As our business continues to be affected by several factors, this is

one of the tough decisions that allow Southwire Canada to remain

profitable in an increasingly competitive market.”

To further the focus on efficiency, Southwire will consolidate its

Canadian business units in Mississauga, Ontario in late April.

Southwire

securing

efficiency