American Woodmark Corporation AMWD, announced today that the continuing housing slump has led to the decision to reduce production capacity and to implement changes in certain elements of the Company's long term retirement plans.
In a realignment of the Company's manufacturing network, the Company will close a component facility in Hardy County, West Virginia and a lumber dimension operation in Hazard, Kentucky. The Company has also made the decision to offer the assembly plant in Tahlequah, Oklahoma, idled in early 2009, for sale.
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