PTC's TDK not closing

Fri, 01/09/2009 - 12:13pm
By: John Munford

The TDK production facility in Peachtree City is not expected to be one of the four plants the global company is shutting down worldwide, a company official confirmed today.

It is not immediately known if any job losses will occur at the plant, which employed 177 early this fall. The company announced yesterday that it was cutting approximately 8,000 jobs worldwide, some of which are contractor positions.

"We have no further information respecting TDK's U.S. operations, other than what has already been released by our parent company in Japan," said Jeffrey Williams, vice president and legal counsel for TDK USA. "It's our understanding, however, that the plant closings described therein do not affect TDK's U.S. plants."

Williams said in light of "these very challenging economic times" all of the company's operations are looking to reduce expenses.

The Peachtree City plant produces multilayer ceramic capacitors that are used in a variety of electronic devices from cellphones to automobile components such as air bags and engine control systems.

Last year the factory produced as much as one billion of the tiny capacitors per month, selling the to a variety of clients including Delphi, Delco and Motorola.

The capacitors are designed to store an electrical charge and are used on circuit boards for electronic products. Much of the company’s business is tied to the auto industry, which has been hit hard worldwide by the economic slowdown both for domestic and international companies.

The company started in Peachtree City in 1986 and is best known for producing audio tapes and CDs, which the company no longer manufactures.

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