High-end auto parts maker, Plasan Carbon Composites, is shutting down its Bennington, VT, factory in May 2014 and consolidating operations in a new tax incentive-supported plant in Walker, MI, to be closer to its main customers in the auto industry.
The Bennington plant employs 143 full-time workers who manufacture carbon composite auto parts including hoods, roofs, and fenders, mostly for luxury vehicles. Some employees may be offered jobs in Michigan. All others will be provided severance packages.
The Walker plant works with carbon fiber, a lightweight material being used to replace heavier metals in luxury cars, military vehicles, aircrafts, and high-end bicycles. Plasan claims to have found a way to bring production costs down to a level where the material can be used for higher-end, mass-produced vehicles.