Franklin Electric Co. has approved a plan to close its Tulsa Avenue, Oklahoma City, Okla., manufacturing facility. As part of this action, Franklin Electric will transfer approximately 260,000 annual man hours of manufacturing activity primarily to the Linares, Mexico, facility, with a small portion of the transfer going to another Oklahoma City-based facility. The transfers should be completed by the end of the first quarter 2012.
The company also expects to incur additional charges for the write-down of assets at its Siloam Springs, Ark., facility, the closure of which had been previously announced. Additionally, Franklin Electric intends to complete other miscellaneous realignments and movements of manufacturing and distribution facilities in a variety of international locations, including the relocation to a new manufacturing facility in Joinville, Brazil.