RBC Bearings to halt bearing manufacturing in Houston
RBC Bearings announced plans to discontinue manufacturing large bearings at its Houston plant later this month.
The manufacturer of precision plain, roller and ball bearings for the industrial, defense, and aerospace industries said it will consolidate the manufacturing into other RBC manufacturing facilities, mainly its South Carolina operation. The company operates plants in Bishopville, S.C., and Hartsville, S.C.
"The consolidation will serve to strengthen and bring to critical mass the efficiency of our large bearing manufacturing operations and consequently a gross margin improvement for this product offering is planned over the next 12 months," the company said in a prepared statement.
The consolidation will result in a pre-tax charge of approximately $7.7 million and an after-tax charge of approximately $5.5 million in the fourth quarter of fiscal 2013, the company said. No information was given on how the move will impact employment levels.
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