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Germany’s Leoni confirms that it will close its U.S. wire plant in Chicopee by Feb. 4

1/3/22 – Leoni will officially close its plant in Chicopee, Massachusetts—the German cable maker’s first wire plant in the U.S., by Feb. 4, resulting in the loss of some 80 jobs.

A press release said that the company tried to but could not find a buyer for the plant, which opened in October 1991. “Unfortunately, despite intensive conversations with several potential investors, it was not possible to find a long-term continuation perspective for LWI, both strategically and financially.” The result is that the plant, which produces cables, ropes and braids for the aerospace, data communications and other industries, will be closed.

A company spokesman said that the operation was not part of the company’s previously announced plans. “As is well known, Leoni AG wants to strategically focus on consolidating its leading position as a supplier of wiring systems for the automotive industry. Against this backdrop, the company has already sold several non-automotive units in 2021.” Last November, WJI reported that Leoni AG had sold the majority of its Wire & Cable Solutions division to strategic investor BizLink Holding Inc. At the time, Leoni AG CEO Aldo Kamper said that the move had to be made. “With this step, we are once again proving that we are consistently continuing to implement our announced and already advanced focus on the Wiring System Division.”

Read 1289 times Last modified on January 3, 2022