YAKIMA, Wash. - Yakima Resources will close the doors on its Yakima plywood plant.
The company gave employees notice today that the plant will close permanently in 60 days. It employs about 225 workers.
The company just released this statement:
"We kept the plywood operation going as long as market conditions would allow. Plywood prices have fallen and stayed at a point where we can no longer keep the plant profitable and operational due to the high cost of logs, excess unsold inventories, and increased competition from cheaper Oriented Strand Board (OSB) products and imported plywood. Closing this plant has not been easy because our employees have done a good job. We know how tough this can be on families and the entire community."
-- Jeff Demers Yakima Resources Vice President
The company said it is working with the union representing the mill's workers to minimize the impact of the closure.