Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: THURSDAY, February 21, 1991 TAG: 9102210500
SECTION: BUSINESS PAGE: B-7 EDITION: EVENING
SOURCE:
DATELINE: LENGTH: Short
The company earlier this month said the economy's impacts on its operations forced an indefinite hold on its plans to construct a disc-brake plant at Glenvar.
Roanoke Valley is "the perfect place" for the company's brake plant but customer contracts and Allied-Signal's cut in capital spending require that this operation be available at an existing plant much sooner than the original plan for full production here in 1994, he said.
Smith, vice president for program management, told the annual meeting of the Regional Partnership that his company must choose a plant for the disc brake operation by April 1.
Within six months or "a little longer," Allied-Signal intends to develop a new plan for use of the west Roanoke County brake plant location, he said.
"We're not the least bit interested in giving up this outstanding site," Smith said. "We'll watch the economic indicators and try to influence our corporate planners," he added.
Fortunately, Allied-Signal Automotive has other needs for plants making such products as master cylinders and hydraulic boosters, "requiring the same state-of-the-art upgrading" and the same size - 300 employees and 275,000 square feet - as the disc brake plant, he said. -Staff report
by CNB