Bucyrus Precision Tech, Inc. (BPT) announced today that it plans to close its Bucyrus, Ohio plant sometime in the middle of 2021 as a result of declining sales in North America.BPT made the announcement in a plant-wide meeting with associates earlier in the day.
David P. Garner, Vice President of BPT, stated:“The decision to close the BPT plant in Bucyrus was a difficult one and comes about after several years of drastically declining sales as a result of automotive technology changes.Unfortunately, our many attempts to secure new sales to allow for the continuation of operations were unsuccessful.We are extremely grateful to our associates, the Bucyrus community and the State of Ohio for their significant contributions and support to BPT over the past 25 years.”
BPT’s Bucyrus plant currently employs approximately 105 associates in addition to several temporary employees.BPT intends for production to continue uninterrupted until the plant closure in mid-2021 and anticipates retaining substantially all of its associates until that time.Mr. Garner added:“BPT is committed to working closely with our associates during this difficult time and will be providing support, including retention benefits, to associates during the wind down of operations over the next several months.”
BPT, which was incorporated in August, 1995 and started mass production in July, 1997, produces Automatic Transmission and Rear Differential Shafts for the Automotive Industry.The plant in Bucyrus is BPT’s only facility. BPT’s parent company is located in Hamamatsu, Japan.