A roundup of this week’s news involving automotive suppliers Intermet Corp. says it will close its Havana, IL, foundry in the second quarter. Intermet blames excess production capacity and high costs for the closing. Havana employs 205 people and produces ductile-iron casting. Equipment and products from Havana will be consolidated into other Intermet foundries. The supplier will record a pre-tax charge of about $8.5 million-$10 million in fourth quarter 2003 related to the closure. ...
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