Albany International Corp. plans to close its Chungju, South Korea facility by July 2024 and transfer production to other plants.
Albany International Corp. plans to discontinue manufacturing operations at its Chungju, South Korea facility by July 2024, transferring production to other plants to better match capacity with local demand. The 76 affected employees will receive separation and outplacement assistance. The company remains committed to the South Korean papermaking industry, providing product application, sales, marketing, and service.
April 19, 2024
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