Conway-based manufacturer Tokusen USA set to close, expected …
22 hours ago · CONWAY, Ark. – A Conway manufacturer with approximately 250 workers has announced it is shutting down. Tokusen USA advised the Arkansas Division of Workforce Services that it would be closing in mid-to-late March. The company produced steel cord for tires. The company cited aluminum and steel ...
Tokusen USA to close Conway plant, exit U.S. market
17 hours ago · This news comes suddenly to the Tokusen family. Discussions with customers began in late 2024, and the actions moved swiftly,” a statement from the company read. The company expects to wind down its operations by the end of March. Tokusen cited lower cost competitors from Vietnam, Thailand and China as one reason for the sector decline.
Tokusen USA to Close Conway Factory as Market and Trade …
1 day ago · Tokusen has also faced rising costs from the 25% tariff on imported steel imposed by the first Trump administration. In 2018, the company told told Arkansas economic officials that the Conway factory could close if it wasn’t awarded an exemption to the tariff. Tokusen said its tire products require a kind of wire rod that’s unavailable in ...
Wire manufacturer in Conway closing - Northwest Arkansas …
Luke Mattingly, then the administration manager at Tokusen USA Inc.'s Conway plant, inspects a 4,000-pound roll of 5.5 millimeter steel wire in this August 2002 file photo.
Report: Tokusen to Close Conway Facility
23 hours ago · Tokusen USA will close its Conway plant in mid-March, Arkansas Business first reported Thursday. Tokusen produces steel tire cord for the automotive industry. It is a subsidiary of Japanese parent company Tokusen Kogyo Ltd., and the company’s U.S. operations are based in Conway. The company has issued no word about its plans.
Tokusen USA Archives - Talk Business & Politics
17 hours ago · Tokusen USA to close Conway plant, exit U.S. market. Tire cord manufacturer Tokusen announced Thursday (Jan. 9) it will close its Conway, Ark. facility laying off approximately 250 workers in central Arkansas. ... Talk Business & Politics is a news website that covers business, politics and culture in Arkansas. You can also sign up for daily e ...
Conway-based manufacturer Tokusen USA set to close, expected …
20 hours ago · Conway-based manufacturer Tokusen USA set to close, expected 250 job loss. CONWAY, Ark. – A Conway manufacturer with approximately 250 workers has announced it is shutting down. Tokusen USA advised the Arkansas Division of Workforce Services that it would be closing in mid-to-late March. The company produced steel cord for tires.
About us: US-based, technological advances, environmental record
From our beginnings in 1934 as a manufacturer of metal wire for textile machinery parts, TOKUSEN U.S.A., Inc. has grown to manufacture metal wire for automobile tires, engines, electrical appliances, industrial equipment, semiconductors, solar cells, medical devices and …
Ammunition container manufacturer Conco to expand in Scottsburg
Oct 29, 2024 · Conco, which manufactures ammunition containers for the U.S. military, said Monday it will invest $71.4 million to add 150,000 square feet of space and create 175 jobs.
U.S. Congressman French Hill
Jun 9, 2020 · Yesterday, I visited Tokusen USA’s Conway manufacturing facility. Tokusen USA is family-owned and has been operating in Arkansas for over 30 years. They manufacture steel cord that is used to make 20 million tires each year.
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