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VOL. 36 | NO. 40 | Friday, October 5, 2012
Statewide
Boat builder closing last Knoxville plant
KNOXVILLE (AP) — Recreation equipment maker Brunswick Corp. is closing its last Sea Ray Boats plant in a Knoxville industrial park, ending 225 jobs by the end of the year.
According to The Knoxville News Sentinel (http://bit.ly/QeWPyo), the company made the announcement Tuesday, saying it plans to consolidate domestic boat building at its plants in Vonore, Tenn., and Palm Coast, Fla.
In 2009, the company closed two other Sea Ray plants in the same park, ending 540 jobs.
Brunswick Chairman and CEO Dustan E. McCoy said in a prepared statement that while U.S. sales of fishing boats and pontoon boats have increased, demand is still weak for cruisers and larger boats.
The Lake Forest, Ill.-based company intends to save $10 million to $12 million per year by consolidating its U.S. cruiser line.