This morning in the earnings call, a reference was made to plant closures. I can’t remember if it was 16 YTD and 10 more in the next 12 months or vice versa. My coworker and I were trying to figure out which plants have been announced for closure and I’m only coming up with Detroit and Fairmont. Who am I missing?
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@a4 Great catch, and to make it explicit: @OP, the count is a mix of manufacturing and DCs. Probably key to differentiate, as DCs could be closed for any number of reasons and IMO doesn't imply as much about health vs. plants. DCs can evolve based on supply chain routes, product portfolios, demand across regions, all that.
Have the other 10 been announced? IMPD could be in trouble
@OP
Decatur chemical. Plus they sold PGF in abrasives plus closed some small DC’s
@OP FROM EARNING TRANSCRIPT
We continue to see meaningful opportunities to further simplify and standardize, reshape the portfolio, reduce risk and improve enterprise resilience and predictability. We've closed 16 manufacturing sites and distribution centers year-to-date and are taking action on 10 more over the next 12 months, supporting further gross margin improvement beyond 2027.